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Simulation Platform
The RMS® Simulation Platform is an analytical module designed for insurance, reinsurance, and catastrophe
management professionals who want to transform RMS model output into
business intelligence that can be used to manage reinsurance-related
decisions.
The key innovation is a financial engine based on the RMS Simulation
Methodology, which enables a wide range of complex treaty types and
signifies a major step forward in modeling the complete portfolio. The
Simulation Platform helps insurance professionals to reduce uncertainty
in modeled losses, build a deeper understanding around regional
accumulations of risk, and make better-informed decisions about how to
allocate their capital.
The solution has been specially designed to manage, and
provide access to, vast quantities of data. Users can easily build and
update their portfolios and combine different books of business into a
single financial perspective. Increasing workflow efficiency in this way
unlocks resources in catastrophe risk modeling teams, allowing more time
to be focused on analysis and decision-making.
As an analytical module, the Simulation Platform is fully integrated
into the existing RiskLink® software platform, and is licensed
separately as a "plug in" module, similar to the ALM and DLM
modules. The RiskLink system is the core analysis engine, while the
Simulation
Platform is a post-analysis engine.
Key Features
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Financial modeling based on the innovative RMS Simulation Methodology |
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Comprehensive range of reinsurance treaties and
structures supported |
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Standard portfolio-level event loss tables (ELTs)
used as input into the Simulation Platform for post-modeling
analysis |
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New RPDM results database similar to an RDM |
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Core RiskLink® system remains the “Analysis
Engine” |
Key Benefits
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Portfolio Completeness through modeling of additional treaty types and conditions, providing users a more
complete view of risk, reducing uncertainty in losses and enabling re-allocation |
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Data Management across multiple EDMs and RDMs, easily build and update portfolios, and combine different books of
business by re-mapping financial perspectives |
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Regional Views of losses and concentrations of risk vital for monitoring, managing, and limiting loss accumulations |
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