Asian insurance industry has bestowed Indian information Technology Company RMSI with the 'Technology Initiative of the Year' award for formulating an exceptional software for risk assessment.
The award was given at the fifteenth Asia Insurance Industry awards held at Singapore for its innovative software &ldquoprofiler for insurance exposure and risk" (PIER).
RMSI is a CMMi level 5 and ISO 9001:2008 certified company. RMSI develops innovative solutions that integrate geographic information with niche business applications. Today, RMSI's resource base comprises over 1,200 software, data and technology specialists.
According to the RMSI, the software is India's first geospatial based risk assessment tool that allows users with a unified view of hazard, exposure and business data for the whole country.
In a statement, company said, ’PIER uses the latest GIS technologies to help insurance companies improve identification, assessment, pricing and management of risk across various lines of business. It enables insurers to create risk indices for various hazards and these indices help companies develop risk-based ratings. Helping underwriters better understand the location, underlying geography and susceptibility to natural hazards.’
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