|
|
|
AAIS Partner - There's a range of new online information sources insurers can use to underwrite competitively, and AAIS is teaming up with some of them to provide our members with direct access to risk information that supplements AAIS information. AAIS Partners for Risk Information Services are independent firms that provide information that is available to users of the AAISdirect Internet service. AAIS's current partners are e2Value, Inc., Stamford, Conn., and Risk Meter, a division of CDS Business Mapping, Boston, Mass. e2Value provides automated valuation applications for residential, commercial, and farm structures, available to AAIS affiliates for personal, commercial, and farm lines, respectively, through AAISdirect. e2Value's applications allow companies to establish replacement cost and insurance-to-value more quickly and with greater accuracy than previously possible. "Our mission is to be the valuation model of choice for the insurance industry,” says Todd Rissel, CEO of e2Value, Inc. “It is clear to us that AAIS is highly focused on satisfying the needs of their affiliates and presenting them with cutting edge service and technology-based opportunities. We’re pleased to expand our relationship with AAIS for the benefit of insurance industry." RiskMeter provides online access to more than 30 categories of geographic information related to hazards at a location. The information provided specifies a location's distance from coastlines, fault lines, and flood zones, as well as its exposure to hail, tornadoes, wildfires, crime, and other hazards. Of particular importance to companies that use AAIS programs is RiskMeter's information on the distance from an insured location to the nearest fire station. That distance is a determining factor in the application of AAIS's fire protection definitions; having the distance available automatically through RiskMeter saves time and improves accuracy. "We are excited to be working with AAIS and its member companies," says James Munson, director of consulting services for CDS Business Mapping. "The value provided with this service will help companies maintain underwriting discipline without substantial changes to their own underwriting processes."
|
|||||
