Exposure Data
Avoid mispricing and adverse risk selection before it happens with accurate exposure data.
Increase Exposure Accuracy
Exposure data plays a key role in business decisions at the location, account, and portfolio level. In cat perils such as flood, wildfire, and terrorism, seemingly small differences in exposure detail can result in large differences in modeled loss. Remaining competitive in today’s market does not allow for exposure data inaccuracies. RMS offers solutions to verify every submission.
Benefits
Validated Database
It’s important to trust a property is accurate, accessible, and fit for the purpose. The RMS ExposureSource database pressure tests every record with more than 300 validation heuristics to ensure accuracy. Multiple datasets are merged together to check for agreement, and a dedicated team continually makes improvements.
Smart Valuation
RMS provides estimates of replacement cost structure value with upper and lower bounds, enabling you to detect possible underinsurance, identify data quality issues before they become problems, and ensure appropriate policy coverage.
Enhanced Automated Quoting
When it comes to automated quoting, requiring less data input leads to better hit ratios. The RMS ExposureSource database fills in incomplete data, corrects inaccurate entries, and enhances submissions in a fully automated workflow.
Raising the Bar
Putting more and better attributes into a risk model leads to better results with lower uncertainty. Complete data on every location enables the usage of advanced, high-value secondary modifiers such as cladding, roofing, and foundation details. With the RMS ExposureSource database, you can raise the bar on your modeling and risk selection efforts.
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