Maximum Processing has formed an alliance with CDS Business Mapping, LLC, to integrate the CDS RiskMeter Online risk report service into the Stingray System, a Web-based property/casualty insurance administration solution.
"In order to help provide straight-through processing and to facilitate accurate underwriting decisions, carriers require real-time, property risk information," says Sean Pitcher, president and CEO of Maximum Processing. "The Stingray System has addressed this problem by integrating RiskMeter's real-time, natural hazard reports into our Web-based administration solution."
"In the property/casualty insurance industry, it's imperative for underwriters and agents to weigh a lot of different geographic risk factors," says Dan Munson, founder, RiskMeter Online. Information on items such as distance to coast, FEMA flood zones, distance to fire stations, and hail and tornado exposure are crucial to determining property risk and pricing accurately.
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