New Software Simulates Insurance 'Green' Scoring Systems - BodyShop Business

New Software Simulates Insurance ‘Green’ Scoring Systems

GRC-Pirk Management has disclosed the measures used for green performance reporting to insurance companies. Computer-modeling techniques are used to simulate the Key Performance Indicator "KPI" scoring schemes established by insurers.

The computational software was developed in association with the U.S. EPA apps-for-the-environment program to promote state and local green businesses. The Google software locates eco-friendly shops and displays their greenhouse gas reduction rating.

Shop owners and managers are now able to use greenhouse gas reduction rate scores to predict the KPI score used by an insurance company. By utilizing non-intrusive data acquisition from utility suppliers, performance scores can be computed without intervention. An insurer’s performance score can pack a big wallop and knowing what indicators make up the score is essential, according to GRC-Pirk.

Green metrics computer-modeling is now capable of coming within 5 percent of an insurer’s KPI scoring system without the use of proprietary and confidential information, such as how long it takes to repair a car, how many cars can be repaired within a specific time frame, or how much it costs to undertake specific repairs.

More information:

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GRC-Pirk Management

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