| In This Issue
|
| Featured WebEx: RiskMeter Premium
Tax |
| New EQECAT Earthquake Offerings
|
| Featured WebEx: FirstBest &
RiskMeter Integration Seminar
|
| Distance to Closest Levee Report
Coming Soon |
| New Batch Enhancements Are
Live |
| What Reports Does the RiskMeter
Online Offer? |
| Upcoming Events
|
| Online Training Schedule
|
| Welcome to our Newest Customers
& Partners |
| New Integrated Customers
|
| Request a Hardcopy
|
| Contacts |
| Questions or Comments?
|
| Please Add Us to Your Safe
Sender List |
| Unsubscribe |
| |
Issue: # 9
|
September 2009
|
|
Featured WebEx:
RiskMeter Premium Tax
|
|
In August CDS Business
Mapping announced its RiskMeter Online Premium Tax
Report had been verified by the Kentucky
Department of Insurance. This report was
created in response to Bill HB 524, which requires
insurers to use a verified electronic risk
location system to assess premium taxes by January
1, 2010.
Despite best intentions, assigning
policies to the wrong tax jurisdictions has been a
major issue for insurers who write business in
Kentucky, and has resulted in class action
lawsuits, as well as insurers having to pay fines
due to over/under charging for premium taxes. The
RiskMeter Online has automated this process and by
simply typing in an address, it's possible to
append the correct premium tax code, city code,
city name, county and fips code to each policy.
In addition, the
tax rates for each jurisdiction and line of business can be
returned.
On Wednesday, October 14,
2009 at 2pm (EDT) Dan Munson, Founder,
RiskMeter Online will host a live Online Seminar
(WebEx) where he will share some of his consulting
experiences dealing with Kentucky Tax Codes, as
well as demonstrate RiskMeter's individual lookup
and batch processing services. We have a
limited number of open seats for this event.
To secure your spot, please register here. In addition, this WebEx
will cover Tax coding in other states as
well.
|
NEW EQECAT Earthquake
Offerings and Modeling Features
|
|
CDS is pleased to announce
that we have expanded our partnership with EQECAT,
a leader in earthquake modeling. The
partnership has changed in two main areas.
First, our earthquake reports will now be based
upon their main software platform, known as
WorldCat Enterprise (WCe). As their model is
updated, our results will be automatically
updated to incorporate the latest earthquake
research.
Secondly, we are expanding the
products that we offer. We will now be
offering single-site Average Annual Loss (AAL) and
Probable Maximum Loss (PML) calculations for
Earthquake ground shaking. This is an
exciting development taking the latest in
catastrophe modeling to the underwriters
desktop. Average Annual Loss calculations
are now used by the leading insurers to price
risks. Using expected loss values can ensure
that you are getting adequate rate, and not under
pricing catastrophe prone risks. Probable
Maximum Loss numbers can help insurers to
understand the impact of a property on
capacity. Individual results can be obtained
for buildings, contents and time.
For
anyone who has been looking to use AAL and PML
information in underwriting or at the point of
sale, this is a huge development. Both AAL
and PML information can be returned by entering in
an address and filling out a few extra
fields. These results are returned along
with the rest of your reports in just
seconds! Furthermore, this information is
also available through the integrated RiskMeter
services for real time, straight through
processing.
For more information or to set
up a live demonstration for your company, please
contact Dan Munson, Founder, RiskMeter at 617.737.4444 or
dmunson@cdsys.com
|
Featured
WebEx: FirstBest Systems, Inc &
RiskMeter Online Integration
Seminar
|
|
|
The
RiskMeter Online and its partners are committed to
streamlining the underwriting process for
insurers. On Thursday, October 15, 2009
at 2pm (EDT), representatives from FirstBest
and RiskMeter will perform a live demo of
FirstBest's UMS Version 2.0, which has been
integrated with the RiskMeter Online.
If
you're not familiar with FirstBest Systems Inc.,
they deliver advanced Underwriting Management
Systems (UMS) that enable Insurance companies to
write more business and write better business.
FirstBest's UMS combines a next-generation
underwriting workstation with a point-of-sale
agency portal for commercial lines carriers.
Agents and underwriters just need to enter an
address into UMS 2.0 and it will automatically
download natural hazard information from
RiskMeter.
Many insurers find their underwriters and
agents having to spend a majority of time
gathering information from different systems,
maintaining files and answering questions from
various parties. FirstBest's UMS Version
2.0, released in November 2008, offers
underwriters full, rules-driven straight-through
processing (STP), including flexible online quotes
for agents. The system provides unprecedented
online functionality to agents, including online
quotes and binders, to make it as easy as possible
for them to do business with
carriers. There
are a limited number of seats for this
event. To secure your spot, please register
here
or contact Val Feeney, Business Partnership
Manager at 617.737.4444
or
vfeeney@cdsys.com |
Distance to Closest Levee
Report for CA and LA Coming
Soon!
|
|
Levees are used all around
the United States to prevent river and coastal
flooding. Unfortunately, as we learned from
past events, levees in Louisiana and Sacramento
are prone to breaching and failures. That's
why CDS will soon be adding a distance to closest
levee report for CA (mainly Sacramento area) and
LA. By simply typing in an address, users
will be able to find out the distance to closest
levee, name of levee, protection (river or
coastal) and in some cases levee height.
Currently, the distance to closest levee
report is available for testing and we are
planning to add more states in the future. For
more information about this report, please contact
Dan Munson, Founder, RiskMeter Online at 617.737.4444 or
dmunson@cdsys.com
|
| New Batch Enhancements are
Live! |
|
For those of you who aren't
familiar with the RiskMeter Online batch 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. Over the last few months CDS has made
some enhancements to the RiskMeter Online Batch
Web site, including:
- Option to save results as an Excel
spreadsheet
- Internal RiskMeter code deleted from results
- Current batch users can click on a link in
RiskMeter and it will automatically log them
into the batch site
- Ability to add Geocoding Accuracy column
- Option to add Latitude/Longitude column
- Ability to click a link in the output table
to open an individual record in RiskMeter to
review the results
CDS has just added two
new tools to the RiskMeter batch site. The first
feature will make it possible for users to
automatically upload an Excel input file on the
site. The second enhancement is a file preview
feature, which will alert users if there are any
formatting problems before submission. For more
information, please contact Dan Munson 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
AgencyPort
User Conference
September 27-30, 2009 *
Chatham, MA
Napslo Annual
Conference
October 7-10, 2009 * Orlando,
FL
Target
Markets Ninth Annual Summit
October
26-28, 2009 * Scottsdale, AZ
Massachusetts
Association of Insurance Agents
October
29 - November 1, 2009 * Boston, MA
AAMGA
Mid-Year
November 12-14, 2009 * Marco
Island,
FL
|
| Online Training
Schedule |
|
|
In order to help you utilize the RiskMeter
Online more effectively, we are now offering
complimentary training to all RiskMeter Online
customers. This is a great way for your
organization to have its most pressing questions
answered, learn about various risk reports and
discover how to utilize cutting-edge features,
such as: Birdseye Geocoding,
One Click Ruler and
Manual Placement. To
register for an upcoming Webcast, click on one of
the links below or for more information, please
contact Ryan Turgeon at 617.737.4444
or
rturgeon@cdsys.com
National
RisksWednesday, September 30,
2009 2:00 PM - 3:00 PM (EDT) Event
InfoWestern
RisksWednesday, October 7, 2009 2:00
PM - 3:00 PM (EDT) Event
InfoNational
RisksWednesday, October 14,
2009 2:00 PM - 3:00 PM (EDT) Event
InfoFeatured
WebEx: RiskMeter Premium TaxWednesday,
October 14, 2009 2:00 PM - 3:00 PM (EDT) Event
InfoFeatured
WebEx: FirstBest & RiskMeter Online
IntegrationThursday, October 15,
2009 2:00 PM - 3:00 PM (EDT) Event
InfoWestern
RisksWednesday, October 21,
2009 2:00 PM - 3:00 PM (EDT) Event
InfoNational
RisksWednesday, October 28,
2009 2:00 PM - 3:00 PM (EDT) Event
Info |
Welcome to Our Newest
Customers &
Partners
|
|
Carriers
- Occidental Fire and
Casualty
MGAs/Wholesale
Brokers
- Coastal Risk Underwriters
- M.D Jensvold & Co., Inc.
Agents & Brokers
|
| New Integrated
Customers |
|
RiskMeter is excited to
announce that the following companies have
integrated the RiskMeter into their underwriting
or quoting systems.
- Coastal Risk Underwriters
- Nevada Wholesale
- Occidental Fire and Casualty
As
you know, there is a big trend towards straight
through processing, and making it easier to do
business. Integrating the RiskMeter into
your systems can make you much more efficient,
reduce your costs, ensure validated data, and make
it easier for your business partners to do
business with you. Dozens of companies have
already integrated with the RiskMeter, and we're
working with our vendor partners to bring
RiskMeter functionality into off-the-shelf quoting
and underwriting systems as
well.
|
| Request a Hardcopy of the
Newsletter |
|
|
Having a hard time managing your inbox?
You can now receive the RiskMeter Newsletter via
regular mail. Just send an Email to Paul
Ptashnick at pptashnick@cdsys.com
and a hardcopy will be sent to
you. |
| Contacts |
|
|
Daniel Munson, Founder and VP of Sales &
Marketing
Tel: 617.737.4444
Email:
dmunson@cdsys.com
Jamie Munson, Director of Consulting
Services
Tel: 860.854.6125
Email:
jmunson@cdsys.com
Bradley Sherwin, Sales Manager
Tel: 617.737.4444
Email:
bsherwin@cdsys.com
Val Feeney, Business Partnership
Manager
Tel: 617.737.4444
Email:
vfeeney@cdsys.com
David Poitras, Account Executive
Tel: 617.737.4444
Email:
dpoitras@cdsys.com
Monique Audette, Account Executive
Tel: 617.737.4444
Email:
maudette@cdsys.com
Wendy Corr, Account Manager
Tel: 617.737.4444
Email: wcorr@cdsys.com
Ryan Turgeon, Support, Training and Customer
Service
Tel: 617.737.4444
Email:
rturgeon@cdsys.com |
| Questions or
Comments? |
|
|
If you would like more information on any of
the topics discussed in this newsletter, please
contact Daniel Munson, Founder, RiskMeter Online
at 617.737.4444 or
dmunson@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
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to do this, please follow the steps below.
- In the newsletter Email, click on the
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help)
- Select Junk Email
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List" and click on it
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mailing list, please
Email pptashnick@cdsys.com and
type REMOVE in the subject line.
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The RiskMeter Online is committed to
providing our users with a competitive edge.
We hope this newsletter was informative
and useful to you. Please forward this
newsletter to a friend or colleague who might
benefit from it. We only ask that you send
the entire newsletter.
Thanks,
Paul Ptashnick
Director of Marketing, CDS Business Mapping
Tel: 617.737.4444
Email:
pptashnick@cdsys.com
| | |
