Maximum Processing and RiskMeter Online Form Alliance

Maximum Processing announced a new alliance with CDS Business Mapping, LLC., to integrate its RiskMeter Online real-time, natural hazard risk report service into The Stingray System, a fully functional web-based property & casualty insurance administration solution.

"In order to help provide straight-through processing and to facilitate accurate underwriting decisions, carriers require real-time, property risk information," says Sean Pitcher, President and CEO of Maximum Processing. "The Stingray System has addressed this problem by integrating RiskMeter's real-time, natural hazard reports into our Web-based administration solution," explains Pitcher.

"In the Property & Casualty insurance industry, it's imperative for underwriters and agents to weigh a lot of different geographic risk factors," says Dan Munson, Founder, RiskMeter Online. "For example, information on items such as Distance to Coast, FEMA Flood Zones, Distance to Fire Stations, Hail & Tornado Exposure, as well as many others are crucial to accurately determining property risk and pricing. RiskMeter's partnership with Stingray will enable its users to have this information automatically returned so they can quickly assess risk and accurately price policies," explains Munson.

"Maximum Processing is committed to improving the functionality of its products so insurers have the best of both worlds, the latest features and the ability to provide their underwriter and agents with straight-through processing," continued Sean Pitcher. "This alliance with RiskMeter Online demonstrates our commitment to Stingray's users."

The Stingray System is a policy, billing, claims and reinsurance administration system which provides workflow, imaging, many third party interfaces (e.g. Credit Card, General Ledger, Comparative Raters, CLUE, bureau stat reporting and others) . It comes with consumer and agent portals as well a full point of sale system.