RMSI, a geospatial and software services company, has been awarded the Technology Initiative of the Year award, as part of the 15th Asia Insurance Industry Awards, held recently in Singapore.

RMSI says it was recognized for its product, PIER (Profiler for Insurance Exposure and Risk), India's first GIS-based comprehensive risk assessment tool at postal code resolution. The product is a web-based application designed to provide users with an integrated view of exposure, hazard and business data at postal code resolution for the entire country.

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