The RISKMETER is used by Underwriting professionals to automate property lookups.
Through the use of desktop mapping software, the RISKMETER enables an Underwriter
to determine the proximity to natural hazards for any property in the United States.
In the Property & Casualty insurance industry, many risk factors are related
to geography. For example, distance to shore, distance to earthquake faults and
street address are all used to determine pricing.
Currently, for any property in the United States, the RISKMETER is being used to
determine: distance-to-shore, distance-to-fault lines, state windpool eligibility,
flood zone, and much more! The RISKMETER has been designed to make this time consuming,
error prone process more efficient for insurers. The time savings involved in this
process can reduce costs by up to 90%! The product has been built using the MapInfo
suite of desktop mapping software and custom software integration.
The RiskMeter Online Batch Tool allows the user to run schedules or multiple addresses
without the need to type in each address individually. The addresses are uploaded,
the user picks the reports he/she needs, and the batch runs automatically. The results
are emailed to the user as soon as they are complete, usually in less than an hour.
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