RiskMeter Expands its EQECAT Modeling Capabilities to Help Underwriters Improve Risk Assessment

Aug. 2, 2012 - PRLog -- Boston, MA, July 2012 –RiskMeter Online, a leading provider of real-time, natural hazard risk reports to underwriters and agents, today announced it has expanded its offerings from catastrophe risk modeling firm EQECAT.

This expanded agreement will add two new EQECAT modeling features to the RiskMeter Online.  The first one involves enabling RiskMeter users to factor in site deductibles when running EQECAT’s Hurricane and Earthquake Average Annual Loss (AAL) & Probable Maximum Loss (PML) reports.  This capability will allow RiskMeter users to assess and price risk more accurately, since deductibles affect both AAL & PML results.

The second feature adds standard deviation, coefficient of variation and demand surge into EQECAT’s modeling results. This additional information will provide underwriters with valuable insight into a piece of business, allowing them to quickly assess risk volatility, and demand surge on labor and supplies if a catastrophe were to occur.

“We’re always looking for ways to improve our service,” says Daniel Munson, Founder, RiskMeter Online.  “By expanding our hurricane and earthquake capabilities with EQECAT, a leader in catastrophe modeling, we’re providing our users with a much clearer picture of their risk exposure, so they can make better underwriting decisions.”

“EQECAT values being a trusted advisor to its clients,” says Bill Keogh, President of EQECAT.  “Our models are based upon the latest science, engineering expertise, claims & exposure data and advanced mathematics.  By expanding our offerings through the RiskMeter Online, we will help insurance professionals set rational expectations about risk.”

For more information, please contact Daniel Munson, Founder, RiskMeter Online at 617.737.4444 or dmunson@cdsys.com

About EQECAT, Inc.  
EQECAT connects re/insurance and financial services clients with the world’s leading scientific minds to quantify and manage exposure to catastrophic risk. Leveraging decades of experience, EQECAT’s comprehensive methodology is distinguished by a unique treatment of uncertainty that helps clients set rational expectations about risk. WORLDCATenterpriseTM, EQECAT’s catastrophe risk modeling platform, includes 180 natural hazard software models for 96 countries spanning six continents. EQECAT, a subsidiary of ABSG Consulting Inc., was founded in 1994 and is headquartered in Oakland, California. For more information, visit www.eqecat.com.  

About RiskMeter Online
RiskMeter Online is used by underwriters and agents to automate property lookups. This Web-based solution utilizes Internet mapping technology to enable underwriters to determine the proximity to natural hazards for any property in the Unites States.  It’s far more accurate and faster than any other method for determining property risk, and can save underwriters considerable time and money.  The RiskMeter Online provides over 30 real-time reports, including Distance to Coast, FEMA Flood Zones, Rating Territories, Windpool Eligibility EQECAT Data & Analytics, Individual AAL & PML Reports, Earthquake information and much more.