MILWAUKEE — Marshall & Swift/Boeckh (MSB) and Weather Fusion have announced the formation of a strategic partnership aimed at helping insurance carriers proactively identify pre-existing hail damage on new business and renewal portfolio. The MSB and Weather Fusion collaboration will offer advanced analytics and portfolio reviews to optimize underwriting performance and mitigate roof-related loss expenses.
Weather Fusion has developed and provides hail fall and hail size analysis techniques based on the specific needs of the insurance industry. The Pre-Existing Hail Risk Score for Underwriting represents the intensity of past storm events, as determined by property-specific hail size, frequency and proximity to the hail core.The strong correlation between this data set and actualroof losses makes application to underwriting and pricing compelling. Insurers can implement underwriting rules based on the Pre-Existing Hail Risk Score to order a roof inspection, or alternatively to waive an inspection that may be unnecessary.