Insurance companies now have free access to a real-time tool that can help them identify and assess risk exposure for an individual property. CATUM Online is a Web service that combines high-precision parcel-level geocoding technology integrated with sophisticated databases to deliver accurate geographic, risk and compliance information for insurers to manage individual property and portfolio risk, analyze and validate losses, and ensure regulatory compliance.
By entering an address or latitude and longitude coordinates, users will be able to select the map feature and one or all of the database options for inquiry. Upon submission, CATUM Online generates a report with a detailed map and the analysis of each selected database, which can be saved to a printable PDF.
Several database options are available including Coastal Risk, Damaging Winds, Flood, Elevation, Premium Tax, Sinkhole, and Wildfire.
"CATUM Online is a free convenient tool that insurance companies of any size can utilize for determining the exact location of an address, associated hazard risks and if premium taxes are applicable," stated Paul Wray, president, Proxix Solutions. "CATUM Online provides high-precision geocoding and accurate information that is needed throughout the insurance enterprise for making intelligent business decisions."
CATUM Online permits 25 free lookups per company in a 24-hour period. Enterprises with high volume demands can contact 866.781.2662, ext. 305 for information on a full-use account and discount pricing.
To register for CATUM Online go to www.catumonline.com.
About Proxix Solutions
Proxix Solutions develops location intelligence products and enterprise solutions that provide businesses with actionable information to make smarter decisions, understand and mitigate risks, cultivate profitable customer relationships and increase market penetration. Proxix Solutions, a privately held company, was founded in 2003 by the same management team responsible for developing many geospatial industry firsts, including the first national address geocoder. Headquartered in Palm Harbor, FL, Proxix has offices in Boulder, CO and Madison, WI. For more information on Proxix, visit www.proxix.com.
For more information contact: Lynn Bates Email: Email Contact Tel: 727.781.2662, ext. 313