Caribbean

	Hurricane
	Earthquake

Caribbean Hurricane

The RMS® Caribbean Hurricane Model utilizes ground breaking technology based on the first-ever implementation of "basin-wide" modeling. Using advanced techniques developed at RMS, this model simulates the entire lifecycle of hurricanes from their formation in the Atlantic to their decay after having traveled through the Caribbean. This unique approach provides the capability to model not only the risk on individual islands but also the accumulation of loss across multiple islands and between the Caribbean and the U.S.

Since the development of the Puerto Rico component of the model in 1993, the RMS Caribbean Hurricane model has set the standard for managing risk in Puerto Rico, with almost all major insurers in Puerto Rico using the model. The full Caribbean model is now used by a wide range of insurers and reinsurers to manage risk throughout the region.

The Caribbean Hurricane model performed very well in Hurricane Georges in 1998, with excellent correlation between modeled and actual losses for individual insurers' portfolios. RMS has collected almost $1 billion of detailed, policy-specific claims information from its clients following the event and is conducting extensive research to determine what new lessons can be learned from this major event.

Model Highlights

	Provides unique capabilities to model "clash" between individual islands and between the Caribbean and the U.S.
	Reflects in-depth research on hurricane activity throughout the region over the past 200+ years
	Considers a full range of possible hurricane events that can affect the eastern Caribbean
	Simulates complex wind behavior over islands using a newly-developed directional windfield model
	Utilizes high-resolution, satellite-derived terrain and topography data
	Differentiates regional and intra-island building vulnerability
	Incorporates lessons from recent hurricane events in other high-risk island environments such as Guam

Geographic Scope

The RMS® Caribbean Hurricane Model covers the whole of the Eastern Caribbean (Puerto Rico and all islands to the east), incorporating over 25 Caribbean islands/territories:

Anguilla	Jamaica
Antigua & Barbuda	Martinique
Aruba	Montserrat
Bahamas	Netherland Antilles (St. Maarten, Bonaire, Curacao)
Barbados	Puerto Rico
British Virgin Islands	St. Kitts and Nevis
Cayman Islands	St. Lucia
Cuba	St. Martin (French)
Dominica	St. Vincent and the Grenadines
Dominican Republic	Trinidad and Tobago
Grenada	Turks and Caicos
Guadeloupe	U.S. Virgin Islands
Haiti

Exposure Data Resolution

Caribbean hurricane risk can be analyzed at City, County/Parish, Island, and CRESTA Zone resolution.

Caribbean Earthquake

The RMS® Caribbean Earthquake Model provides unprecedented capabilities to model potential earthquake losses throughout the entire Caribbean region. This model simulates events along the full extent of the Caribbean plate boundary, which extends from the Cayman Islands in the west, through the Greater Antilles (Jamaica, Hispaniola and Puerto Rico), and around the Lesser Antilles to Trinidad in the South.

Developed in 1993, the Puerto Rico component of the Caribbean Earthquake model has set the standard for managing risk in Puerto Rico. The full Caribbean model is now used by a wide range of insurers and reinsurers to manage risk in Puerto Rico and throughout the region.

Model Highlights

	Provides unique capabilities to model risk throughout the entire Caribbean region, including events that cause losses on more than one island
	Reflects data on almost 400 years of historical earthquake activity and in-depth research on the effects of all major damaging events
	Considers a full range of potential on-island and offshore earthquake events
	Incorporates high-resolution mapping of soil conditions
	Differentiates regional and intra-island building vulnerability

Geographic Scope

The RMS Caribbean Earthquake model covers the whole of the Eastern Caribbean, incorporating 22 Caribbean islands/territories:

Anguilla	Martinique
Antigua & Barbuda	Montserrat
Barbados	Netherland Antilles (St. Maarten)
British Virgin Islands	Puerto Rico
Cayman Islands	St. Kitts and Nevis
Dominica	St. Lucia
Dominican Republic	St. Martin
Grenada	St. Vincent and the Grenadines
Guadeloupe	Trinidad and Tobago
Haiti	Turks and Caicos
Jamaica	U.S. Virgin Islands

Exposure Data Resolution

Caribbean earthquake risk can be analyzed at City, County/Parish, Island, and CRESTA Zone resolution.