| In This Issue
|
| Featured
WebEx: RiskMeter Now Featuring RMS Data
& Analytics |
| Nevada
Wildfire Updates |
| Building
Permit Report |
| Hail
& Tornado Updates |
| Hail
& Tornado Study |
| Top
Ten Tornado Prone Metro Areas
|
| Top
Ten Hail Prone Metro Areas
|
| Birdseye
Geocoding Patented |
| FEMA
Flood Map Updates |
| What
Reports Does the RiskMeter Online Offer?
|
| Upcoming
Events |
| Online
Training Schedule |
| New
Customers & Partners
|
| New
Integrated Customers |
| Please
Add Us to Your Safe Sender List
|
| Unsubscribe
|
| |
| Featured WebEx: RiskMeter
Now Featuring RMS Data and Analytics
|
|
RiskMeter
Online is proud to announce it has formed
an alliance with catastrophe modeling
firm Risk Management Solutions (RMS).
RiskMeter users will now be able to
get RMS hazard data and ground-up Average
Annual Loss (AAL) and Probable Maximum
Loss (PML) metrics for the following
natural hazard risks:
- Earthquake
- Windstorm (Hurricanes)
- Winterstorm
- Severe Convective Storm (Tornado
& Hail)
Underwriters and MGAs will now have
access to RMS' industry leading data from their
desktops by simply entering a few pieces of
information. In addition, these reports can
be run anytime, anywhere and results can
be returned within minutes.
RMS
hazard data retrieved through RiskMeter
includes: Distance
to the RMS Coastline, MMI
(Mercalli) Scores, Soil
Type and much more. RMS' proprietary
hurricane and earthquake scores and
risk profiles are also available.
For more information, please contact Dan
Munson, Founder, RiskMeter Online at
617.737.4444 or
dmunson@cdsys.com Register
Today for our Featured WebEx!
On
Tuesday, March 16th at
2PM (EDT), representatives from
RMS and RiskMeter will perform a live
demonstration of RiskMeter's integration with RMS.
This is a great opportunity to see for yourself
the benefits of straight through processing and an
opportunity to ask questions about this
partnership. We have a limited number of seats for
this event. To reserve your spot, please
register here
Beta
Testers
Before we go live and add these RMS
reports to RiskMeter, we'd like to have
some of our customers beta test these
reports. If this is of interest,
please contact Dan Munson, Founder,
RiskMeter Online at 617.737.4444
or dmunson@cdsys.com |
| Nevada Wildfire
Updates |
|
In order to provide users
with the most up-to-date wildfire reports,
RiskMeter has manually updated 5 counties
(Douglas, Clark, Humboldt, Carson City and Washoe)
in Nevada.
We will continue to manually
update our wildfire reports to provide you with
the most up-to-date information. If you
happen to run a report in an area that has been
affected
by a new development or has been
cleared, please Email Jesse Smith at jsmith@cdsys.com
with the address and the result you
received.
Thanks
|
| Building Permit Report
|
|
RiskMeter has been speaking
with a company that has a searchable database of
building permits nationwide. We'd like to
hear from our users to see if this type of
information might be useful to you. If so,
we will consider adding a building permit report
to RiskMeter.
Some of the ways we think
this information would be useful include:
verifying the date when a roof was replaced, using
the report to ensure that damage from a past claim
has been fixed or to see when permits were pulled
before specific building codes took
effect.
We'd also like your input on how
you might use this information. If this
report is of interest to you, please contact Dan
Munson, Founder, RiskMeter at 617.737.4444 or
dmunson@cdsys.com
|
| 2008
Data Added to Tornado & Hail Reports
|
|
| According to an A.M. Best
study, tornadoes and related events have accounted
for nearly 57% of all catastrophe losses
per year since 1953. Last year
alone there were over 1,800 tornadoes and
17,000 hail storms reported by the
National Weather Service.
In order to provide our users
with the most up-to-date information, CDS has just
added 2008 data to the RiskMeter Online's Hail and
Tornado reports. These reports are now based
on data from 1990 - 2008. For more
information, please speak with an account
executive at
617.737.4444 |
| Hail & Tornado
Study |
|
Based on our updated Hail
& Tornado models, CDS is in the process of
putting together reports that include some
very interesting statistics on the frequency
and geography of hail and tornado events. To
receive a free copy,
please contact Ryan
Turgeon at 617.737.4444 or
rturgeon@cdsys.com |
| Top Ten Tornado Prone
Metro Areas |
|
|
CDS
has just released its list of the
top ten tornado prone metro areas
(pop 50,000+). This list is
based on the RiskMeter Online's Tornado
Model, which predicts the severity
of tornadoes for any location in the
Continental United States. According
to this report the top ten tornado
prone metro areas are as follows:
- Denver, CO*
- Hialeah, FL
- Hollywood, FL
- Little Rock, AR
- Houston, TX
- Aurora, CO
- Miami, FL
- Wichita, KS
- Plantation, FL
- Oklahoma City, OK
*Not downtown, but
a rural area to the northeast.
Tornado exposure has and will always be a
consistent threat to insurers. According to
an A.M. Best study, 2008
was not only the
worst year for catastrophe losses from tornadoes
and related weather events, but it also was the
second worst year for the number of
tornadoes. In addition, four of the
costliest tornado and severe thunderstorm events
in terms of insured property losses occurred
during the 2006 - 2008 period. For more
information, please contact Daniel Munson,
Founder, RiskMeter at
617.737.4444 or
dmunson@cdsys.com |
| Top Ten Hail Prone Metro
Areas |
|
CDS
has just released its list of the top
ten hail prone metro areas. This
list is based on the RiskMeter Online's
Hail Model, which predicts the severity
of hail for any location in the Continental
United States. According to this
report, the top ten hail prone metro
areas (pop 50,000+) are as follows:
- Amarillo, TX
- Tulsa, OK
- Wichita, KS
- Oklahoma City, OK
- Dodge City, KS
- Kansas City, MO
- Denver, CO
- Fort Worth, TX
- Iowa Park, TX
- Colorado Springs, CO
Hail events are a constant threat to property
and casualty insurers. In 2008 alone there
were over 17,000 hail storms
in the United
States. In addition, according to Swiss RE,
4 out of the top 20 most costly insurance losses
were hail
related. For more information,
please contact Daniel Munson, Founder, RiskMeter
at 617.737.4444 or
dmunson@cdsys.com |
| RiskMeter's Birdseye
Geocoding Patented |
|
| CDS
is pleased to announce it has been granted
a patent for Birdseye Geocoding.
For those of you who aren't familiar
with this feature, it enables users
to have the ability to more accurately
geocode an address by leveraging aerial
photos.
How
it Works
When
someone types an address into RiskMeter,
address dictionaries will locate the
request, then place it on a risk map. In
some cases, the geocoded location
is not in the correct place.
This often happens in rural areas,
new developments or with large facilities
on big parcels. With Birdseye
Gecoding, users can manually move
the point (subject) to the correct location
and RiskMeter will automatically
recalculate all of the results
based upon where the user moved the
subject on the photo. So if
a user can physically identify a building
in the aerial photo, they can be sure
to get the best possible answer.
Benefits
of Birdseye Geocoding
Although
there are many instances where users
don't need an exact match, this tool
is invaluable when used in conjunction
with our FEMA Flood,
Flood Elevation, Storm
Surge and Wildfire reports,
where an exact placement is crucial.
A spotted point that's located
on a mailbox, instead of house
can mean the difference between being "In"
or "Out" of a FEMA flood zone,
high risk storm surge or wildfire
area. Also, this feature is great
for insurers who write accounts, such
as: corporate campuses, schools with
multiple buildings, farms or large
manufacturing facilities.
The Next Generation of
Birdseye Geocoding
Another
feature which we added about a year
ago was the ability to overlay
risk maps on our aerial photos (Sample).
Users can now see FEMA flood
zones, storm surge, wildfire hazards,
etc., on our aerial photos.
This eliminates users from having
to compare a risk map to an aerial
image. Contact CDS
if you would like to add this feature
to your account.
We
Want to Hear From You!
CDS is committed to adding the latest
tools to help our users' price and
assess risk more accurately.
Many of the features we have added
over the years were because of you! If
you have any ideas for features or
new data you would like to see, we
would love to hear from you!
Please contact Dan Munson, Founder,
RiskMeter at 617.737.4444
or dmunson@cdsys.com |
| FEMA Flood Map Updates
|
|
New developments, topology
and changes in the environment, all have an affect
on how areas flood. RiskMeter's number
one priority is to give its users access to
the best and most up-to-date flood data.
That's why our flood information
is refreshed
on a monthly basis. During the course of the
year FEMA will
issue roughly 12,000 - 18,000 map
revisions,
which will be digitally
updated on the RiskMeter Online. To see our
latest map revisions, click here.
Why Use
RiskMeter to Check for Flood
Zones?
There are many things an insurer
should know about flood maps.. First, FEMA
does not have digital copies of all of their
flood maps. We do. In addition,
many of the digital GIS maps shown on FEMA's web
site are out of date. With their
flood
mapping program, much of the data referred to is
"Q3 data", which is more than 10 years
old! So be careful! Since FEMA
issues so many updates during the course of the
year, using data that is outdated can be very
risky to use for underwriting and pricing
purposes. Secondly, with RiskMeter's flood
reports a determination is made for you, so
there's no map interpretation required.
Also, with our mapping technology, we allow you to
overlay flood maps (and other hazards) right on
top of the aerial photo. For larger risks,
this feature can help you to understand what parts
of the facility or which buildings are in flood
zones.
How
Batch Processing Can Help
If an area
that you write business in has been updated, an
easy way to check your flood zone exposure for a
book of
business is by leveraging our Online
Batch feature. For those of you who aren't
familiar with the RiskMeter Online Batch
(ROB)
service, it allows users to run multiple addresses
or schedules, without the need to type in each
address individually. RiskMeter's batch
feature enables users to upload a file and get the
results emailed back in spreadsheet form anytime,
anywhere.
For more information on
our Flood reports, please contact Daniel Munson,
Founder, RiskMeter Online at 617.737.4444 or
dmunson@cdsys.com
|
| What Reports Does
RiskMeter Online Offer? |
|
| As you may know, the
RiskMeter Online continues to add additional
reports as we see a need. We have recently
added reports like storm surge, wind speed maps
for additional states, online batch tool and new
background images. We also know that your
needs change over time, as you add lines, enter
new states or refine your underwriting guidelines.
To see a complete list of
reports, please view here.
If you need additional information or would
like to test drive a report for free, please
contact Ryan Turgeon at
617.737.4444 or rturgeon@cdsys.com |
| Upcoming Events - Meet the
CDS Team! |
|
RiskMeter Online will be
attending or exhibiting at the following upcoming
conferences. Whether you're a customer or
prospect, we'd love to meet with you onsite at
these exceptional events! Don't hesitate to
stop by our booth or if you wish to schedule an
appointment, please contact Daniel Munson
(dmunson@cdsys.com) or Bradley
Sherwin (bsherwin@cdsys.com) at
617.737.4444
NAPSLO
Mid-Year
March 3-6, 2010 * Scottsdale,
AZ
AAMGA
Automation
March 13-16, 2010 * Orlando,
FL
AAIS Main Event
April 11 - 13, 2010 *
Fort Myers, FL
Target Markets
Mid-Year Meeting
April 12-14, 2010 * Baltimore, MD PCIAA
Joint Marketing & Underwriting
April 18-20, 2010 * Orlando, FL
Duck
Creek Insurance Forum
May 3-6, 2010 * Charleston, SC
IMUA
Annual Meeting
May 16-19, 2010 * Williamsburg, VA
AAMGA
Annual Meeting
May 23-26, 2010 * Palm Desert, CA
Acord
LOMA Insurance Services Forum
May 24-26, 2010 * Las Vegas, NV |
| Online Training
Schedule |
|
|
In order to help you utilize the RiskMeter
Online more effectively, we are now offering
complimentary training to all of our
customers. This is a great way for your
organization to have its most pressing questions
answered, learn about the latest risk reports and
discover how to utilize cutting-edge features,
such as: Birdseye Geocoding,
One Click Ruler and
Manual Placement.
To
attend any of the complimentary training
sessions, please register here
or to to attend one of our featured
WebEx events, please register at one
of the links below.
National
Risks
Wednesday,
March 3, 2010
2:00 PM - 3:00 PM (EDT)
Western Risks
Wednesday, March 10, 2010
2:00 PM - 3:00 PM (EDT)
Featured
WebEx: RMS Data &
Analytics
Tuesday, March 16,
2010
2:00 PM - 3:00 PM
(EDT)
National
Risks
Wednesday,
March 17, 2010
2:00 PM - 3:00 PM (EDT)
Western Risks
Wednesday, March 24, 2010
2:00 PM - 3:00 PM
(EDT)
|
| New Customers &
Partners |
|
|
Carriers
Agents & Brokers
- Cotton States
- GEM Insurance Agencies
- Oswald
Companies
|
| RiskMeter Integration
|
|
As you know, there is a big
trend towards straight through processing and
making it easier to do business. Integrating
the RiskMeter into in-house or 3rd party quoting
and underwriting systems is easy! Dozens of
companies have already integrated with the
RiskMeter Online, and we're working with our
vendor partners
to bring RiskMeter functionality into
off-the-shelf quoting and underwriting systems as
well. To learn more about integrating the
RiskMeter Online into your underwriting system,
please contact Val Feeney, Business Partnership
Manager at 617.737.4444 or
vfeeney@cdsys.com
|
| Please Add Us to
Your Safe Senders List
|
|
In
order to ensure you receive the RiskMeter
newsletter in your inbox, please make
sure to add the RiskMeter Online into
your Safe Senders or Safe Recipients
list. If you're not sure how to
do this, please follow the steps below.
- In the newsletter Email, click
on the outlook actions menu (located
between tools and help)
- Select Junk Email
- Scroll down to "Add Sender to
Safe Senders List" and click on
it
- Click "Ok"
button
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