FOR IMMEDIATE RELEASE:
Contact:
Dan Munson
Founder
RiskMeter Online
617.737.4444
Email
Jackie Barber
Director, Global Public Relations
Risk Management Solutions (RMS)
+44 20 7444 7723
Email
FOR IMMEDIATE RELEASE:
RiskMeter.com Integrates RMS Data & Analytics into its Real-Time Natural Hazard Risk Report Service
Boston, MA, May 2010 – RiskMeter Online, a leader
in online hazard mapping, today announced it has formed a partnership with
catastrophe modeling firm Risk Management Solutions, Inc (RMS). This alliance
will enable RiskMeter users to obtain Average Annual Loss (AAL) and Probable
Maximum Loss (PML) metrics for single locations and give them the ability
to run RMS® natural hazard reports through RiskMeter.com.
The addition of RMS® AAL and PML metrics is a significant development
for RiskMeter users. This information will assist underwriters with pricing
policies in catastrophe prone areas, determining if customers have enough
coverage and uncovering the effects of a policy on capacity. RiskMeter users
will now be able to get AAL & PML data for Earthquake, Windstorm (Hurricanes),
Winterstorm and Severe Convective Storms (Tornado & Hail). In addition,
RMS natural hazard information for Distance to Coastline, MMI (Mercalli) Scores
and Soil Type, as well as proprietary hurricane and earthquake scores and
risk profiles will also be available.
This alliance has also addressed the need of straight-through-processing by
making RMS reports available through RiskMeter.com. By simply entering in
an address, it’s possible to run RMS and RiskMeter reports simultaneously.
This feature will reduce redundant data entry and free up underwriters to
spend more time on hard to place business.
“We have always made it a priority to offer the most up-to-date data,
tools and reports,” explains, Dan Munson, Founder, RiskMeter Online.
“We believe this partnership with RMS demonstrates RiskMeter’s
commitment by providing users with another tool to help them to quickly assess
risk and accurately price policies,” says Munson
For more information or to see a live demonstration at the AAMGA Annual Meeting,
please contact Dan Munson, Founder, RiskMeter Online at 617.737.4444
or Email
About RiskMeter.com
The RiskMeter is used by underwriters and agents to automate property lookups.
The RiskMeter utilizes Internet mapping technology to enable underwriters
to determine the proximity to natural hazards for any property in the Unites
States. The RiskMeter is far more accurate and faster than any other method
of property lookups, and can save underwriters considerable time and money.
The Risk Meter performs many types of lookups, including distance to coast,
windpool eligibility, rating territories (company specific), proximity to
brush, earthquake information, flood zones and others. For more information,
visit our Website at www.riskmeter.com
About RMS
Risk Management Solutions is the world’s leading provider of solutions
for catastrophe risk management. More than 400 leading insurers, reinsurers,
trading companies, and other financial institutions rely on RMS models to
quantify, manage, and transfer risk. Founded at Stanford University in 1988,
RMS serves clients today from offices in the U.S., Bermuda, the U.K., France,
Switzerland, India, China, and Japan. For more information, visit our website
at www.rms.com
