Stamford, CT, April 13, 2006 CDS Business Mapping LLC, a provider of online property risk mapping, and e2Value®, Inc., a leading provider of Insurance-to-Value Internet applications, announced today an agreement to integrate e2Value’s Replacement Cost Tools with CDS’ RiskMeter Online service.
“With a focus on underwriting results, we offer a solution that helps our users streamline their underwriting process and maximize their bottom line,” says Dan Munson, CDS vice president of marketing & sales. “Determining the potential geographic risk and replacement cost of a property are two crucial steps in the underwriting process. By integrating with e2Value, we’re allowing our users to get both of these solutions simultaneously from a single source, increasing efficiencies for insurers. The integration of these tools will save our customers time and money from day one.”
“This is a tremendous opportunity for insurance companies and producers,” says Todd Rissel, CEO of e2Value. “This integration blends two leading edge, Internet-based technologies, immediately impacting risk selection, pricing and efficiencies. Our combined users will immediately improve their bottom line results. This is an example of two companies focusing on technology to substantially upgrade the property insurance process.”
CDS is partnering with e2Value to offer leading edge valuation products for homes, farm structures, manufactured homes and commercial buildings. Mr. Rissel outlined three primary benefits of this partnership for customers of either company:
- Elimination of duplicate data entry: Since the programs can be fully integrated, RiskMeter Online/e2Value users can get geographic risk reports and property valuations without duplicate data entry;
- One Account/One Bill: RiskMeter Online/e2Value users will receive one bill, reflecting both geographic risk reports and property valuations; and,
- One Contact Person: Users with questions about billing, account set up, etc. can continue using their current contact regarding either company’s offerings.
e2Value provides insurance, banking and real estate companies nationwide with replacement cost valuations for all properties throughout the United States, with estimators focused on residential, commercial, and farm and ranch structures. The company introduced the first standardized, customizable system for insurers and the banking industry to accurately and quickly determine the individual replacement cost values of these individual properties in a way consistent with today’s technology.
For property underwriters and agents who are looking to increase accuracy, productivity and overall speed of operations, the RiskMeter Online (www.RiskMeter.com) is an Internet application used to automate property risk reports. By simply typing in an address, users can get back natural hazard information for a given policy location. The RiskMeter can perform more than 30 different lookups, including distance to coast, rating territory, flood zone, windpool eligibility, proximity to brush and EQ hazards. Unlike conventional paper-based lookups, the RiskMeter Online provides you with accurate, efficient and defendable positions up to 90% faster than existing methodologies. For more information, please visit www.RiskMeter.com or call 1.800.746.7797
About e2Value, Inc.
e2Value®, Inc. is a full-service application development, insurance consulting, strategic technology partner and provider, offering products to assist with Insurance-To-Value (ITV) and workflow solutions. Founded in 1999 by former insurance executives and based in Stamford, CT, e2Value is the leading hosted application provider delivering replacement cost valuations over the web for all residential, commercial and farm and ranch properties in the United States. The company offers full-featured, knowledge-based Internet applications for insurance, real estate and banking professionals that enable consistency and standardization of pricing, processes and procedures. e2Value provides a tool that tracks through the entire sales -> valuation -> final claim process via an application that maximizes the latest available technology, and provides quick and easy updates without a significant investment in software or infrastructure. Its customers range from the world’s leading insurance companies to one-person insurance agencies, as well as banks, property appraisers and risk managers. For information visit www.e2value.com, or firstname.lastname@example.org or 888-371-2788.