Global Risk Solutions (GRS), a provider of claims adjusting and environmental risk management services, has partnered with Canopy Weather, a weather technology company.
The partnership is expected to streamline weather-related property damage claims.
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Under the partnership agreement, Canopy will provide real-time property-specific wind and hail damage analytics to GRS.
The data gathered through the analytics will enable loss verification and accelerate claims handling, from first notice of loss through closure.
Canopy Weather CEO Matt Van said: “There is more to damage than just hail size.
“One or two isolated 3-inch hailstones aren’t going to total a roof, but thousands of 1-inch stones can.
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By GlobalData“With our new science, Canopy Weather is able to address the hail volume question.”
Canopy Weather president Don Giuliano added: “In the real world, its damage that matters, not size.
“By focusing on our strengths and building innovative, modular solutions to answer the question of damage, partners like Global Risk Solutions can focus on their mission, to deliver people, process and technology.
Hailstorms are said to be a significant danger in the US.
In 2018, there were 4,610 hailstorms recorded which damaged property and crops worth nearly $810m.
Headquartered in Miami, GRS delivers workforce and technology to manage weather-related risk and contain costs.
GRS has offices throughout the US and in London and serves corporate and insurance industry clients.
GRS SVP Falin McMellon said: “Canopy’s first-of-its-kind science and enterprise-grade technology enables our team to more efficiently dispatch claims to the proper resource the first time, in turn providing a better overall customer experience for our clients.”
