Location Intelligence API
Gain better underwriting perspective with instant access to the world’s best catastrophe insights.
Improved Underwriting Performance with Location Intelligence
Learn how Hiscox improved their underwriting performance, and delivered strong growth, proactive collaboration, and efficiency gains
eBook: An Insurance Underwriters' Guide
Identify, connect, and surface the right data to quickly inform the best decisions with Location Intelligence.
A Data-Driven, Insight-Led Approach to Pricing and Underwriting
Location Intelligence API scales to help Covenant Underwriters rate several locations rapidly in real time
The Right Insights Have More Impact
Underwriting cat-exposed property requires instinct and deep insights into hazard and vulnerability, and how they manifest in catastrophe risk models. To manage this risk, insurers don’t need more data sources, they need better tools and more insight. Location Intelligence API brings hazard, exposure, geospatial, and loss data from the science and expertise of RMS into your risk management processes.
Integrate Insightful Data Easily
RMS Location Intelligence APIs are specifically designed for easy integration into your existing underwriting workflow and can help you make better, faster, and more profitable decline/refer/quote decisions.
Enable Consistent Risk Decisions
Ensure consistent decision data and a common set of analytics is used across your organization and the risk transfer process – underwriting, modeling, capital management, and regulatory reporting.
Leverage Best-in-Class Data
RMS Location Intelligence API data is specifically derived from our best-in-class models to ensure the highest data quality and granularity can be applied in your underwriting processes, enabling you to outperform your competition.
Business Value
The Location Intelligence API delivers key data and insights to help you improve business decisions and better manage risk.
Data Breadth and Depth
Quality Data Is Table Stakes for Profitable Underwriting
“There is still an insufficient amount of data being gathered to enable the accurate assessment and pricing of risks [that] our industry has been covering for decades.”
Key Features of Location Intelligence API
RMS offers full global coverage of natural hazard data, delivered instantly, with a simple API call.
Geocoding
Improve accuracy of your location data with powerful geocoding designed to support underwriting, capital management, and reinsurance purchasing.
Exposure Data
Access robust exposure data with better risk differentiation, lower uncertainty in model results, and more granular pricing.
Hazard Data
Gain deep hazard insights that drive better underwriting results.
Risk Scores
Simplify evaluation with the RMS RiskScore, a single number representing the results of a complex big data catastrophe simulation.
Loss Costs
Uncover loss cost (“pure premium”) to identify the true cost of insuring a risk and determining final price paid by the insured.
Related Products
Resources
Importance of High-quality Data
Jordan Byk, Senior Director of Product Management, discusses the importance of high-quality data.
Purpose-built Geocoding Data
Chris Sams, Senior Product Manager, discusses the importance of purpose-built geocoding data.
Quality Data at Speed
Oliver Smith, Senior Product Manager, discusses the importance of quality data at speed.
New RMS Data Solutions Deliver Real-Time, Site-Specific Insights To Enable Competitive Risk Selection And Profitable Underwriting
NEWARK, CA – June 28, 2019 – RMS®, a leading global risk modeling and analytics firm, announced the availability of two transformative data solutions hosted on RMS Risk Intelligence (RI), its strategic risk platform. Expanding on its suite of strategic risk products, these solutions employ sophisticated RMS models and rich data layers built into the RMS platform. With growing pressure to make critical underwriting decisions quickly, speed and precision is…
RMS Data for Underwriting
Carriers want to write better risks, reduce underwriting frictional expense, and build consistency within their portfolios. RMS® Data for Underwriting is a rapidly expanding suite of data delivered instantly at the point of underwriting.
Location Intelligence API
To survive in today’s competitive market, unyielding underwriting discipline is vital. Improper pricing assumptions, inappropriate declinations, and misalignment between underwriting and portfolio management can instantly erode underwriting margins. Underwriting discipline requires data-driven decisions that utilize the market’s most accurate risk indicators – provided by the RMS® Location Intelligence API.
Get Leading Risk Analytics to Your Underwriting Process
