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Atmospheric and Environmental Research Partners with NOAA on Hail Initiative
Atmospheric and Environmental Research (Lexington, Mass.; AER) is working with the NOAA National Severe Storms Laboratory (NSSL) on a partnership through which the latter's research and data is used to help insurers industry anticipate and react to storm damage.
“NSSL is world renowned for their knowledge and leadership in storm observation and prediction,” Kyle Beatty, AER managing director for business solutions, says in a statement. “Pairing this data with the insurance expertise and analytic capabilities within our enterprise enables AER to provide a game-changing weather risk management capability for the insurance industry.”
The company is also working with the agency on AER Respond, which uses NSSL technology to reduce insurers' loss adjustment expense and cycle times by integrating property-specific analytics into the hail claims workflow.
“AER can process and tailor the extraordinary array of real-time U.S. weather radar data products at NOAA’s Severe Storms Laboratory,” Steven Koch, NSSL director, explains in the statement. “Their view into the insurance industry and other financial sectors combined with their scientific expertise will continue to reveal new ways we can apply our science to address the needs of the nation.”
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio