Navigate the Risk Landscape
Catastrophe models map the risk landscape, quantifying the impacts of natural and man-made catastrophes for the global insurance and reinsurance industry, for issuers and investors in risk-linked securities, for corporations, governments, and more.
For hundreds of companies around the world RMS models stand at the heart of risk management, providing the industry's leading scientific view of catastrophe risk.
Underwriting: Differentiate and price risk with high-resolution data and models.
Portfolio Management: Optimize and balance your portfolio with analytics incorporating the latest scientific and technical advancements, as well as your view of risk.
Capital Management: Understand the potential impact of extreme events on your portfolio.
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Trust Your Decisions
What is the appropriate technical price for catastrophe insurance by peril, region, or line of business? How do I manage uncertainty around loss estimates?
Do I have sufficient capital to pay claims from tail-end catastrophe losses? What about multiple losses in the same year?
How do changing environmental conditions impact my view of risk?
The global RMS model suite delivers the most informed view of risk possible, based on over 20 years of experience and catastrophe modeling expertise. Our models help insurers and reinsurers underwrite risk today and strategize for the future.
Data-Driven
RMS models reflect the latest scientific and engineering assessment of catastrophe risk, incorporating global and local scientific and technological expertise to capture the unique risk characteristics of a region.
In dense urban areas, small distances can have big impacts on wind speeds. The RMS U.S. Hurricane Model simulates the passage of hurricanes over metropolitan centers such as Baltimore, Maryland (shown here) and the whole of Florida with Advanced Space Spaceborne Thermal Emission and Reflection Radiometer (ASTER) data—the highest-resolution land satellite data available. This allows our clients to model risk with an understanding of how the urban landscape impacts wind speed and damage at individual locations.
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Boundary-Pushing
The RMS view of risk continually evolves through the incorporation of scientific and technological advances, detailed event reconnaissance and analysis, and the critical examination of our own assumptions.
The 2011 M9.0 Tohoku earthquake triggered a tsunami with local heights reaching 38 meters and distances extending up to 10 km, destroying many coastal communities. More than 19,000 people were killed or missing after the earthquake, the majority lost in the tsunami. Port facilities were badly affected, and most low-rise structures in the regions inundated by a 3-meter or higher tsunami waves were completely destroyed. Where the tsunami reached heights of 10 m or more, even 2- to 4-story structures were completely washed away. The event resulted in a total economic loss of about US$300 billion, and insured losses of at least $35 billion.
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The RMS Europe Windstorm Model leverages a free-running global circulation model to more realistically simulate climate patterns. The model provides the granularity to understand windstorm behavior from genesis to dissipation, to more accurately model regional impacts and gain greater insight into loss experience.
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Manage the Uncertainty
Natural and man-made catastrophes are inherently uncertain, and irreducible model uncertainties will always exist.
Our challenge as risk modelers is to input the best data available, refine the boundaries between hard data and assumptions, represent associated uncertainty, and develop our best view of the risk.
Our goal is to bring greater transparency and deeper insight into model assumptions and risk interpretations, helping our clients build resiliency into their risk management strategy.
RMS(one) brings our clients the agility to access and adapt rapidly to ongoing learning, the capacity to understand and test assumptions, and the flexibility to build an independent view of the risk, leveraging their own experience and knowledge.