HazardHub Winter Weather Data Helps Insurers and Homeowners Prepare for Top Seasonal Risks
Guidewire HazardHub has released winter weather risk data highlighting cold-weather threats across the United States. Winter storms caused approximately $3.4 billion in insured losses in 2023, following nearly $6 billion in losses in 2022. According to the data, 31.4 million housing units will experience more than 30 days of temperatures below 32°F this year, with over 10.3 million units facing more than 50 days of freezing temperatures.
The analysis identifies key winter perils including frozen pipes, snow load, and ice dams. About 21% of US homes face frozen pipe risks, with an average claim cost of $18,000. The data shows that states like Alaska, North Dakota, and Minnesota experience the lowest average winter temperatures. The platform offers over 1,000 data points and risk scores for climate risks and extreme weather events, available through Guidewire PolicyCenter, InsuranceNow solutions, and the HazardHub API.
Guidewire HazardHub ha rilasciato dati sui rischi legati al maltempo invernale, evidenziando le minacce del freddo negli Stati Uniti. Le tempeste invernali hanno causato circa 3,4 miliardi di dollari in perdite assicurative nel 2023, dopo quasi 6 miliardi di dollari nel 2022. Secondo i dati, 31,4 milioni di unità abitative sperimenteranno più di 30 giorni di temperature inferiori a 0°C quest'anno, con oltre 10,3 milioni di unità che affronteranno più di 50 giorni di temperature congelate.
L'analisi identifica i principali pericoli invernali tra cui tubi congelati, carico di neve e dighe di ghiaccio. Circa 21% delle abitazioni statunitensi affrontano rischi di tubi congelati, con un costo medio per sinistro di 18.000 dollari. I dati mostrano che stati come l'Alaska, il Dakota del Nord e il Minnesota registrano le temperature invernali medie più basse. La piattaforma offre oltre 1.000 punti dati e punteggi di rischio per i rischi climatici e eventi atmosferici estremi, disponibili tramite Guidewire PolicyCenter, soluzioni InsuranceNow e l'API HazardHub.
Guidewire HazardHub ha publicado datos sobre el riesgo de clima invernal que destacan las amenazas por frío en los Estados Unidos. Las tormentas invernales causaron aproximadamente 3.4 mil millones de dólares en pérdidas aseguradas en 2023, luego de casi 6 mil millones de dólares en 2022. Según los datos, 31.4 millones de viviendas experimentarán más de 30 días con temperaturas por debajo de 0°F este año, con más de 10.3 millones de unidades enfrentando más de 50 días de temperaturas heladas.
El análisis identifica peligros invernales clave, incluidos tuberías congeladas, cargas de nieve y represas de hielo. Alrededor del 21% de las casas en EE. UU. enfrentan riesgos de tuberías congeladas, con un costo medio por reclamación de 18,000 dólares. Los datos muestran que estados como Alaska, Dakota del Norte y Minnesota experimentan las temperaturas invernales promedio más bajas. La plataforma ofrece más de 1,000 puntos de datos y puntuaciones de riesgo para riesgos climáticos y eventos climáticos extremos, disponibles a través de Guidewire PolicyCenter, soluciones InsuranceNow y la API de HazardHub.
가이드와이어 헤저드허브는 미국 전역의 겨울 날씨 위험 데이터를 발표했습니다. 2023년 겨울 폭풍으로 약 34억 달러의 보험 손실이 발생했으며, 이는 2022년의 거의 60억 달러에 달합니다. 데이터에 따르면, 3140만 가구가 올해 0도 이하의 온도에서 30일 이상을 경험할 것이며, 1030만 가구 이상이 50일 이상의 영하의 온도를 겪을 것입니다.
이 분석은 동파, 눈에 의한 하중 및 얼음 댐 등 주요 겨울 위험 요소를 식별합니다. 미국 가정의 약 21%가 동파 위험을 안고 있으며, 평균 청구 비용은 1만 8천 달러입니다. 데이터에 따르면 알래스카, 노스다코타 및 미네소타와 같은 주가 가장 낮은 평균 겨울 온도를 경험합니다. 이 플랫폼은 Guidewire PolicyCenter, InsuranceNow 솔루션 및 HazardHub API를 통해 제공되는 기후 위험 및 극단적 날씨 사건에 대한 1000개 이상의 데이터 포인트와 위험 점수를 제공합니다.
Guidewire HazardHub a publié des données sur les risques liés aux intempéries hivernales, mettant en lumière les menaces du froid à travers les États-Unis. Les tempêtes hivernales ont causé environ 3,4 milliards de dollars de pertes assurées en 2023, après près de 6 milliards de dollars en 2022. Selon les données, 31,4 millions d'unités de logement connaîtront plus de 30 jours avec des températures inférieures à 0°F cette année, avec plus de 10,3 millions d'unités faisant face à plus de 50 jours de températures en dessous de zéro.
L'analyse identifie les principaux dangers hivernaux, notamment les tuyaux gelés, les charges de neige et les barrages de glace. Environ 21% des maisons américaines font face à des risques liés aux tuyaux gelés, avec un coût moyen par sinistre de 18 000 dollars. Les données montrent que des États comme l'Alaska, le Dakota du Nord et le Minnesota connaissent les températures hivernales moyennes les plus basses. La plateforme propose plus de 1 000 points de données et des scores de risque pour les risques climatiques et les événements météorologiques extrêmes, disponibles via Guidewire PolicyCenter, des solutions InsuranceNow et l'API HazardHub.
Guidewire HazardHub hat Risikoinformationen zu winterlichen Wetterbedingungen veröffentlicht, die die Bedrohungen durch Kälte in den Vereinigten Staaten hervorheben. Winterstürme verursachten 2023 etwa 3,4 Milliarden Dollar an versicherten Verlusten, nach fast 6 Milliarden Dollar im Jahr 2022. Laut den Daten werden 31,4 Millionen Wohneinheiten in diesem Jahr mehr als 30 Tage mit Temperaturen unter 0 °F erleben, wobei über 10,3 Millionen Einheiten mit mehr als 50 Tagen mit Frosttemperaturen konfrontiert sind.
Die Analyse identifiziert wichtige winterliche Gefahren wie gefrorene Rohre, Schneelasten und Eisdämme. Etwa 21% der US-Haushalte sind dem Risiko von gefrorenen Rohren ausgesetzt, mit durchschnittlichen Schadenskosten von 18.000 Dollar. Die Daten zeigen, dass Staaten wie Alaska, North Dakota und Minnesota die niedrigsten durchschnittlichen Wintertemperaturen aufweisen. Die Plattform bietet über 1.000 Datenpunkte und Risikobewertungen für klimatische Risiken und extremen Wetterereignisse, die über Guidewire PolicyCenter, InsuranceNow-Lösungen und die HazardHub-API verfügbar sind.
- Comprehensive data offering with over 1,000 data points for risk assessment
- Integration with multiple platforms enhancing accessibility
- Detailed granular data down to property address level
- Significant increase in winter storm insured losses ($3.4B in 2023)
- High exposure to freezing temperatures affecting 31.4M housing units
- Average frozen pipe claim cost of $18,000 indicating substantial financial risk
Insights
This strategic data release by Guidewire showcases the company's strengthening position in the $15B+ property and casualty insurance software market. The timing is particularly relevant given the $3.4 billion in winter storm insured losses in 2023, demonstrating the critical need for sophisticated risk assessment tools.
The comprehensiveness of HazardHub's dataset, with over 1,000 data points for climate risks and property-level analysis capabilities, provides Guidewire with significant competitive advantages:
- Integration with PolicyCenter and InsuranceNow platforms creates sticky relationships with insurers
- API availability enables flexible deployment options
- Property-level risk assessment capabilities allow for precise underwriting
Market opportunity indicators are compelling:
- 31.4 million housing units face extended freezing periods
- 21% of US homes at risk for frozen pipes
- Average frozen pipe claim costs of $18,000
The data product strengthens Guidewire's core value proposition by helping insurers:
- Improve risk assessment accuracy
- Reduce claims losses
- Enable more precise pricing
- Enhance customer engagement through preventive recommendations
This development positions Guidewire to capture increased market share in the growing insurtech sector, particularly as climate-related risks become more prominent in underwriting decisions. The comprehensive nature of the data and its integration into existing Guidewire products should drive both new customer acquisition and increased revenue per customer.
HazardHub identifies top winter perils and areas of vulnerability
HazardHub map of average annual minimum temperatures for the contiguous
HazardHub risk data and maps detail extreme cold and winter weather risks at the national, state, and local levels, right down to the specific property address level. HazardHub offers more than 1,000 data points and risk scores for climate risks and extreme weather events.
Freezing Temperatures Across the
According to Guidewire HazardHub data, 31.4 million housing units in the
The primary factors contributing to the coldest regions are latitude, elevation, and geography. The states on the northern border, in the Rockies, or with higher elevations, as well as
Top States with Freezing Temperatures
According to Guidewire HazardHub data, the top five states with the lowest average annual winter temperatures are:
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Top Winter Weather Perils
According to an analysis of Guidewire HazardHub data, the most perilous Winter Weather Risks, based on the potential for claims loss, extent of damage, and frequency, are:
Frozen Pipes
Freezing temperatures cause water inside pipes to expand, leading to cracks and bursts that result in extensive water damage to flooring, drywall, and home contents. This peril leads to one of the most frequent winter insurance claims. Mitigation steps include insulating pipes, maintaining indoor heat, allowing faucets to drip during cold snaps, and draining water lines in vacant properties.
Top Five States for Frozen Pipe Risk
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These states have the highest percentage of homes and structures rated as an ‘F’ grade according to the HazardHub Frozen Pipe Risk score. According to HazardHub data,
Snow Load (Roof Collapse)
Accumulated snow and ice place significant stress on roofs, risking structural damage or collapse, particularly for older buildings or those with flat roofs. States like
Top Five States for Snow Load Risk (Danger of Roof Collapse)
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These states have the highest percentage of homes and structures rated as at risk for snow load according to the HazardHub Snow Load Risk Score. More than
Ice Dams
Heat escaping through a poorly insulated roof can melt snow, which refreezes at the roof’s edge, forming ice dams that block proper drainage. This leads to leaks and roof damage, lifting shingles, and causing water damage inside the home. According to HazardHub data, approximately
Other major winter weather risks to homes and businesses include power outages from fallen trees and damaged lines, high winds that cause structural damage, flooding from rapid snowmelt overwhelming drainage systems, and house fires due to unsafe heating practices. Over the past two decades, weather-related events have caused
Harnessing Data for Better Protection
“The cold, hard fact is that extreme winter weather caused
HazardHub’s detailed winter risk data and maps are available through Guidewire PolicyCenter and Guidewire InsuranceNow solutions, as well as via the HazardHub API. Insurers can utilize this data to improve risk assessment and underwriting accuracy, while property owners can better prepare for the winter season.
Consumers interested in assessing their home’s winter risk can visit freehomerisk.com.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers.
We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry’s largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation.
For more information, please visit www.guidewire.com and follow us on X (formerly known as Twitter) and LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250121971687/en/
Melissa
Director, Public Relations
Guidewire Software, Inc.
+1.650.464.1177
mcobb@guidewire.com
Source: Guidewire Software
FAQ
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