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."
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