Aggregate Mapping

After 9/11, many insurers realized that they didn't have a good handle on the geographic concentration of their risks. Few expected that losses of this magnitude were possible. Further, workers compensation and life insurance companies began to understand how geographic risks can affect them, too. Insurers are now looking at performing three types of aggregate geographic risks:

• Aggregate risks by ZIP or County
  
• Aggregate risks around a given location
  
• Understanding how adding another locations affects the amount of risk near all other properties (Mutli-location Ring Analysis)
  

Aggregate Risks by ZIP or County:

Have you ever wondered or needed to know where your concentrations lay? We can take your entire book of business at any level, whether it be State, County, Zip Code or Custom Levels, (e.g. concentrations by distance to coast) and make this data come alive! This can be extremely useful in:

• Disaster Management
  
• Setting up agents in underdeveloped areas
  
• Reducing your concentrations in overexposed areas
  
• Negotiating Reinsurance rates
  
• Re-Rating of Territories
  

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Many companies now are looking at specific buildings (like the Sears Tower, Empire State Building, Nuclear power plants, etc.) and trying to determine the aggregate value of insured properties/persons in the area. The RiskMeter Aggregate Module was designed exactly for this purpose.

RiskMeter Aggregate Module:

The RiskMeter Aggregate module allows policy/premium aggregations around a specific address. Simply type in the address, and it can aggregate the value of polices/premiums around the location. You can choose what radii to use (as well as the ZIP & County). You can also determine which database fields to aggregate (i.e. A,B,C,D coverages, Total Value, etc.).

For more information contact Dan Munson at 617.737.4444