WSI Launches WeatherFX™ Replay to Help Insurance Companies Detect Fraud and Identify Highly Impacted Areas Resulting From Weather Disasters
Andover, MA, July 15, 2014 – WSI (Weather Services International), the professional division of The Weather Company and innovation engine of The Weather Channel, today announced the launch of WeatherFX Replay™.
WeatherFX Replay is a geospatial claims verification product that is designed to help insurance companies immediately pinpoint areas that have been highly impacted by severe weather.
Instead of waiting for claims to roll in from policyholders, Property & Casualty Insurers are now able to make more confident decisions knowing when and where damaging weather was, is, and will be.
WeatherFX Replay is available as a historic module within the company’s WeatherFX Response product or as a GIS service/data feed. The product offers proprietary historical datasets that are available exclusively through WSI, including:
- Tornado Debris Data – This dataset indicates areas where debris from tornado-related damage has been detected in the air
- Wind Damage Data – This proprietary algorithm detects high wind speed and defines geo-spatial areas that likely had the highest chance of damage
- Hail Verification Data – This data creates a footprint based on hail size that identifies areas/policyholders at risk for hail damage
What is WeatherFX Response?
WeatherFX Response is an interactive executive dashboard that enables users to (1) quickly assess multiple perils impacting a critical number of households, (2) identify widespread areas that have a substantial risk of receiving wind damage, hail and tornadoes up to 3 days in advance, (3) set up e-mail and text messaging alerts that can be sent to mobile devices when critical business thresholds are reached, (4) monitor real-time weather radar and social media feeds to understand where the worst of a disaster has struck so that resources can be deployed accordingly and, (5) proactively text message or email policyholders in an impacted area by circling a geographic region. The platform also offers a tropical forecast module known as Tropical PHD, designed to forecast storms out to 15 days in advance,
To learn more about WeatherFX Replay or Response and/or to evaluate the platform via a free trial, contact Ray Hawthorne at email@example.com or 608-236-4331.
About WSI Corporation
WSI is the most trusted source of weather information across the globe. Top energy trading groups, utility companies, insurance professionals and financial institutions worldwide trust WSI to supply them with easy-to-use, timely and expert weather guidance to help anticipate market volatility, mitigate risk and make critical decisions with confidence. WSI is a member of The Weather Company and is headquartered in Andover, Massachusetts with offices in Madison, WI and Birmingham, England. The Weather Company is owned by a consortium made up of NBC Universal and the private equity firms The Blackstone Group and Bain Capital.