PRZOOM - /newswire/ -
Boston, MA, United States, 2012/09/13 - RiskMeter Webcast will Show P&C Carriers Various Ways to Monitor Aggregate Exposure to Boost Underwriting Results - RiskMeter.com / CDSys.com.
RiskMeter Online, a provider of real-time natural hazard risk reports, will demonstrate how its Policy Exposure Module can help carriers to minimize their catastrophe exposure to boost underwriting results.
Recent convective storm losses have made insurers realize that they must do a better job of tracking aggregate exposures. Over concentration of risk has led to steep losses for carriers that were unprepared. RiskMeter’s Policy Exposure Module can provide aggregate exposure information in real-time to help underwriters track risk concentrations.
“Although Catastrophe Models are a great tool for assessing risk, many insurers have been hit with losses after catastrophic events that were much higher than what their models had predicted,” explains Daniel Munson, Founder, RiskMeter Online. “More and more companies want to minimize their catastrophe exposure by setting limits for specific areas, agents and programs. RiskMeter’s Policy Exposure Module can do this, as well as provide other relevant information to help carriers quickly assess their risk exposure in real-time.”
Infrequent events can cause significant financial hazards to insurers who don’t monitor their aggregate exposure. Attendees of this 1 hour, interactive Webcast will learn:
• How to Put Aggregate Information at Underwriters’ Fingertips;
• Types of Analysis that can Help Carriers to Understand their Problem Areas Now;
• How Insurers are Using this Data Today;
• Leveraging Moratoriums to Slow New Business Writing.
Registration Information: This Webcast is open to all Property & Casualty insurance professionals. To secure your spot for Tuesday, September 18, 2012 at 2:00 pm. EDT, visit: cdsysevents.webex.com
For more information on RiskMeter’s Policy Exposure Module, please contact Daniel Munson, Founder, RiskMeter Online at dmunson[.]cdsys.com
RiskMeter Online is used by underwriters and agents to automate property lookups. This Web-based solution utilizes Internet mapping technology to enable underwriters to determine the proximity to natural hazards for any property in the Unites States. It’s far more accurate and faster than any other method for determining property risk, and can save underwriters considerable time and money. The RiskMeter Online provides over 30 real-time reports, including Distance to Coast, FEMA Flood Zones, Rating Territories, Windpool Eligibility, EQECAT Data & Analytics, Individual AAL & PML Reports, Earthquake information and much more.