Helio for Insurers
Forecasting Weather Perils Impact for Insurers
Weather patterns have become much more volatile with half of all billion-dollar disasters occurring within the last decade. The ability to predict patterns and impacts to business made actionable with real-time actions can be a game-changer for insurers.
Helio, Analytic Partners’ weather-influenced demand forecasting solution, can accurately predict the impact of weather perils, such as hail, on potential claim activity and resource allocation, in addition to tracking and validating historic events. Helio delivers predictive forecasts fueled by machine learning to help answer crucial questions by leveraging highly accurate and predictive weather analytics.
The Insights You Need To Take Action And Manage Risk
Allocate resources accurately and efficiently with insights into the impact of severe weather events
Act faster and anticipate the number and size of claims with real-time tracking of future storms and an interactive heat map enabling faster insights
Track and validate historic events in order to see the complete impact to your business
Powerful Forecasting and Visualizations
Extremely accurate forecasts are pulled into Helio on an ongoing basis, where leading-edge machine learning models are leveraged to predict claims, required risk reserves and more – from a high level or down to a granular detail. Capturing sophisticated relationships in the data, the models are highly accurate with best-in-class predictive power and less than 3% monthly error. Automated reporting allows for quick actionable information and provides tailored reports for different teams – for example, claims operations executives can receive summary tables that provide guidance on resource deployment, and the operations team can pull custom reports to better manage finance and risk reserves.
The Most Accurate Forecasts
Consistently rated as the most accurate forecasts in all markets for weather perils (including hail) every quarter by the leading independent analyst. These accurate forecasts provide powerful inputs for Helio.
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