RiskMeter.com, a provider of real-time natural hazard risk reports, announces it has added a second data source to its building characteristic report. This additional source will enable users to improve underwriting and catastrophe modeling results by appending more building characteristic information to their policies. Pre-filling this information can save agents time, while ensuring that carriers receive accurate policy information.
"In order to maximize catastrophe models' capabilities, it's imperative for insurers to append building characteristic information," says Daniel Munson, founder, RiskMeter Online. "By appending building characteristic information before the modeling process, it helps reinsurers gain business by pricing policies more accurately, reduces reinsurance expenses for carriers and allows brokers to negotiate better prices for their customers."
RiskMeter's building characteristic report covers the entire U.S., but information is collected by individual counties. This information is sourced from county assessors and it includes key building characteristic data, such as: year built, number of stories, square footage, roof covering, etc. Both commercial and residential properties are included.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
