RiskMeter Online, a real-time natural hazard risk report service, has partnered with MSO, Inc. (The Mutual Service Office, Inc.), a licensed rating organization, which provides customized rating solutions for insurers in nine states and the District of Columbia, with plans to expand into eight additional states. This alliance will enable MSO users to run RiskMeter's real-time, property risk reports on new business and renewals.
"In order for small and mid-sized regional companies to survive and thrive in today's competitive property/casualty insurance industry, it's crucial for them to streamline their underwriting operations," says Joy Casapullo, vice president of operations for MSO. "MSO has always worked with clients to provide them with customized rating solutions for their organizations, but we wanted to help our users to eliminate any unnecessary and repetitive underwriting tasks."
"Within the last few years many large insurers have started to see the cost benefits of automating their underwriting processes," says Jamie Munson, director of consulting services for RiskMeter Online. "RiskMeter has partnered with a variety of vendors to help insurers to streamline their underwriting processes, but our alliance with MSO is unique, in that they are focused on helping small to mid-sized carriers in the northeastern United States level the playing field against much larger competitors. As markets continue to soften, automation is key to not only surviving but thriving."
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