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.
RMIS says PIER uses the latest GIS technologies to help insurance companies improve identification, assessment, pricing and management of risk across various lines of business. The product enables insurers to create risk indices for various hazards at postal code resolution, and these indices help companies develop risk-based ratings. Likewise, it provides a comprehensive risk profile report for every postal code in India, helping underwriters better understand the location, underlying geography and susceptibility to natural hazards, RMIS adds.
