
Riskmeter helps companies map risk by having users simply “enter an address and then quickly learning a location's distance from coastlines, fire stations, fault lines, and flood zones, as well as its exposure to hail, tornadoes, wildfires, crime, and other hazards.” Also Riskmeter “provides an aggregate mapping feature that allow carriers to view and identify concentrations of risk as new business is reviewed.”
The president of AAIS Paul Baiocchi commented “Innovators like RiskMeter are bringing new information from outside the insurance industry into the process for underwriting and selecting risks…More and more you are going to see external data used in the process of pricing risks."






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Posted by: mysoretrendz | October 4, 2008 1:55 AM | Permalink to Comment