RiskBrowser Online is an on-demand version of the RiskBrowser®
underwriting system that is hosted and maintained by RMS. Targeted at
U.S.-based insurance carriers with small to medium sized books of
business, wholesale brokers, and managing general agents (MGAs),
RiskBrowser Online offers the benefits of RiskBrowser in a Web based
software-as-a-service delivery model. The application provides access to
model analytics and visual hazard information at the point of
underwriting for more profitable underwriting decisions. The
software-as-a-service model eliminates the need for an extensive IT
infrastructure and reduces the total cost of ownership.
Business Benefits
Screen risks accurately and more comprehensively with street-level
hazard data
Price premiums appropriate to risk with model output such as average
annual loss
Make better informed capacity decisions based on knowledge of marginal
impact of policy on the portfolio
Collaborate remotely with colleagues via a real time online platform
Capture exposure data in
industry standard EDM format for easy transfer with insurers and
reinsurance brokers
IT Benefits
Reduced IT footprint with RMS hosted servers
Secure access with SSL encryption
Flexibility to integrate into in-house underwriting and policy
administration systems, with open Web services standards
Key Features of RiskBrowser Online
Hazard Data
High-resolution hazard data lookups and
visualization capabilities (including easy-to-interpret color-coded
maps) in the United States and Canada for a range of site-specific
factors, including:
– Distance to coast
– Distance to fault
– Elevation
– Flood zone
– Elevation
– Landslide susceptibility
– Liquefaction
– Slope
– Soil type
– Windpool zone
Peril Modeling
State-of-the-art peril modeling capabilities in the
United States for the following RMS models:
– Earthquake
– Hurricane
– Severe Convective Storm (including tornado/hail)
– Winter Storm (including ice/freeze)
– Builders Risk
– Industrial Facilities
Multi-peril data capture including
primary and secondary building characteristics in the RMS® Exposure Data
Module (EDM) format
U.S. street-level geocoding
capabilities
Financial Modeling
Financial modeling capabilities allow users to generate key
statistics and analyses, including:
Loss statistics about each policy for each exceedance
probability (EP) analysis performed
Statistics such as average annual loss (AAL) and return
period losses by policy and account
for different financial perspectives
Marginal impact analyses
Microsoft Excel® Access
Integrate the
benefits of RiskBrowser Online into an existing underwriting workflow
using a Microsoft Excel® add-on application that allows users to access
the underwriting solution via an Excel interface. The easy-to-install
application blends with existing workflows for more efficient data entry
and better assimilation of reports, while continuing to provide the
benefits of a server infrastructure hosted by RMS.
