Location Intelligence API
Gain better underwriting perspective with instant access to the world’s best catastrophe insights.
The Right Insights Have More Impact
Underwriting cat-exposed property is a high-stakes game that puts part of a carrier’s balance sheet at risk with every transaction. To manage this risk, insurers don’t need more data sources, they need better tools and more insight.
Easy Integration
Seamless, high-speed integration into your existing underwriting workflow helps you make better, faster, and more profitable decline/refer/quote decisions.
Full Consistency
Ensure the same view across your organization with a common set of analytics used throughout the risk transfer process – modeling, capital management, and underwriting.
Trusted Data
Based on the industry’s leading models, RMS risk data brings unprecedented precision and granularity to the process of underwriting cat-exposed property.
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.
RiskScores
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
New RMS Data Solutions Deliver Real-Time, Site-Specific Insights To Enable Competitive Risk Selection And Profitable Underwriting
NEWARK, Calif. - 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…
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
