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Insurance
40%
of all property claims in the UK are weather related. Losses
due to storm, freeze, flood and subsidence cost UK insurers
£1 Billion per year. With severe weather events become
more frequent, and the value of insured property increasing,
losses are set to rise year on year.
WeatherNet
can help insurers to better control, manage and mitigate the
effect of weather related losses. This can yield dramatic
benefits by reducing exposure, cutting overall claims spend,
and improving service to policy holders. We can blend raw
weather data from our extensive archive with meteorological
expertise to assist you in rating, underwriting and event
analysis.
WeatherNet
provides bespoke validation services which have consistently
identified leakage in weather related claims of over 20%.
Effective validation can further help cut the cost of claims
by maximising the proportion, which can be desk settled. Rapid
resolution of claims improves workflow, reduces susceptibility
to secondary losses and enhances customer service. Weather
data from our exclusive network of urban-based weather stations
is often uniquely close to point of damage, is constantly
updated, and instantly accessible by postcode.
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Play
Video - "The Calm After the Storm" Narrated
by Ian McCaskill. |
9.99MB |
Our
weather warnings service gives insurers the opportunity to engage
catastrophe procedures at an early stage, to alert staff, adjusters
and contractors, and to help mitigate the scale of losses.
WeatherNets
services are available in isolation, or in harmony with those
of our parent company, Cunningham
Lindsey, the UK's largest claim and incident management
company.
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