Risk Management Solutions has partnered with BuildFax, a provider of building permit data, to integrate its database of building permit data into a variety of RMS solutions. The partnership is intended to strengthen RMS’ data offerings, thereby delivering further value to insurers and reinsurers.
RMS says it will be provided with digitized building permit information for more than 60% of the United States, along with roof age, construction quality data points and additions/remodels data. The data, which spans more than 20 years, will be available at the point of underwriting, and RMS clients will have access to an integrated package of data, analytics and models within a comprehensive underwriting application, RMS says.
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