CDS Business Mapping, a leader in online property risk mapping, has added an aggregate exposure module to its RiskMeter Online service. It will allow users to view, identify, and manage their aggregate exposures.
|The company hopes to help insurers manage their exposures more effectively by allowing them to monitor areas of special concern like coastal areas and terror targets, set exposure limits for specific areas, review all policies that fall into a pre-defined region, and run natural hazard risk reports.
|"Going into the 2004 and 2005 hurricane seasons, many insurers thought they had a pretty good idea of what their losses might be," said Dan Munson, vice president of sales and marketing for CDS. "Unfortunately, in many cases, the catastrophe models they used provided loss estimates that were way off. As a result, many companies are putting more emphasis on exposure management. In this way, they are managing the total amount of coverage offered in specific regions."
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