RiskMeter Online, a provider of online hazard mapping, has formed a partnership with catastrophe modeling firm Risk Management Solutions, Inc (RMS). This alliance will enable RiskMeter users to obtain average annual loss (AAL) and probable maximum loss (PML) metrics for single locations and give them the ability to run RMS natural hazard reports through RiskMeter.com.
The addition of RMS AAL and PML metrics will assist underwriters with pricing policies in catastrophe-prone areas, determining if customers have enough coverage and uncovering the effects of a policy on capacity.
RiskMeter users will be able to get AAL and PML data for earthquake, wind storm, winter storm, and severe convective storms (tornado and hail). In addition, RMS natural hazard information for distance to coastline, MMI (Mercalli) scores and soil type, as well as proprietary hurricane and earthquake scores and risk profiles also will be available.
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