AIR's Crop Hail Model
Crop risk management redefined.
The industry's first probabilistic crop hail model captures the effects of hail on insured crops. Now you can tackle your most complex challenges, make better underwriting decisions, and model your portfolios more reliably.
- Leverages the 10,000-year simulated event catalog from AIR's U.S. severe thunderstorm model, in which hailstorms are a modeled peril
- Simulates daily hailstorm activity base d on radar and historical hail reports from the Storm Prediction Center, which are smart-smoothed and de-biased to produce realistic occurrence rates in the rural areas of interest to crop insurers
- Hail damage to crops is a function of crop type and growth stage at the time of the event
- Extensively validated against reported losses from the National Crop Insurance Services (NCIS), loss experience data provided by crop insurers, and published research