Risk Metrics Introduces Insurance360
Real-time delivery of information from centralized cloud to customers the main feature offered with new DaaS product.
Virtual Water Cooler, September 29, 2011
Risk Metrics Corp., a provider of market intelligence for commercial insurers, has launched Insurance360, a Data-as-a-Service (DaaS) product that allows insurance carriers, brokers and agencies to access the data they need in one place, in real-time.
Insurance360 aggregates risk-indicative data on U.S.-based businesses and their workers’ compensation, commercial property and commercial auto exposures in one centralized “cloud” repository, says Risk Metrics. Insurance360 then exposes this information to customers through an application program interface. This makes it available in real-time for underwriting and business development.
Risk Metrics says Insurance360 includes details of each employer’s current workers’ compensation policy, including carrier of record, governing class code and policy effective date; a commercial property portion with the current property owner name and address, market and appraised values and square footage; and commercial vehicle data that includes commercial vehicle counts for the specific business, vehicle types and distribution.
Risk Metrics says Insurance360 was named a winner of the 2011 Entrepreneurial Insurance Award, presented by the Entrepreneurial Insurance Alliance (EIA) in September. Risk Metrics was one of 11 finalists out of hundreds of applicants, and was the top winner in the Technology category.