Risk Metrics Introduces Commercial Lines Underwriting Tool

Risk Metrics Corporation, a provider of market intelligence for commercial insurers, has launched Insurance360, a new data as a service (DaaS) product that allows insurance carriers, brokers, and agencies to access the data they need all in one place, in real time and only pay for what they use.

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. The service then exposes this information to customers through an application program interface (API) to make it available in real-time for underwriting, business development or other insurance applications. Data can be accessed from within sales and marketing tools, customer dashboards, underwriting and risk applications, mobile devices or virtually any other client site or vendor application.

“This is the first time that this data has been aggregated in one place and made available with a scalable consumption model,” claims John McCarthy, president and founder of Risk Metrics. “This means that our customers can get access to information, one record at a time or one million records at a time and only pay for what they need.”

Insurance360 brings together data sources to complete a composite picture of an employer’s risk or insurance exposures.

Available data includes:

• Details of each employer’s current workers’ compensation policy including carrier of record, governing class code and policy effective date.

• The commercial property portion includes the current property owner name and address, market and appraised values, square footage, and other property specific characteristics.

• Commercial vehicle data includes commercial vehicle counts for the specific business, vehicle types and distribution, along with other commercial auto risk indicative data.

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