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Company Overview

For over 30 years, RMS has led the way in transforming the catastrophe risk industry, helping organizations make better decisions to improve human and environmental outcomes. By combining proven modeling science with powerful advances in technology, RMS Risk Intelligence solutions enable clients to better assess risk and reduce uncertainty.

In the past, managing risk was the realm of insurance companies. Today, it has become an important undertaking across industries and geographies. And RMS continuously advances this effort. Extreme weather, climate change, and other catastrophes impact all of us. Understanding risk, integrating predictive analytics, and sharing our expertise more broadly are how we’re helping to build a more resilient world.

60 Trillion Data Points

in RMS Location Intelligence API

Over 1,000

RMS models and data products

80%

of top brokers in the U.S. choose RMS

18 Million Simulated Fires

in RMS Wildfire Model

120 Countries

covered by RMS models and data products

93%

of top U.S. commercial insurers choose RMS

9 out of 10

global reinsurers choose RMS

Over 50% of RMS model developers are PhDs

from the world’s top universities

An Insightful History

From our start at Stanford University to our worldwide reach and perspectives today, RMS has a long history of turning global needs into meaningful real-world insights. Our work has helped companies, governments, and other organizations foster greater resilience decade after decade.

rdos
2020

Risk Data Open Standard

RMS introduced the Risk Data Open Standard (RDOS), a modern data schema for the risk modeling community, for open-source development.

2019
2019

New Solutions for New Needs

When the Camp and Woolsey Fires unleashed unprecedented destruction of life and property in California in 2018, the impact of climate change was clear. The RMS® U.S. Wildfire HD model released in 2019 integrated this intelligence for more actionable insights.

RMS also introduced two new powerful data solutions: the RMS Location Intelligence API, giving underwriters location-specific information compiled from big data simulations of catastrophe events, and the SiteIQ™ application, enabling a deeper understanding of all hazards facing any property.

2017
2017

Hurricane, Flood, and Fire

During Hurricane Harvey, a category 4 storm that landed in Houston, the RMS Event Response team provided detailed flood estimate maps using our soon-to-be-released U.S. flood model. This same year, Hurricane Maria, a category 5 storm, ravaged Puerto Rico, while the Napa and Sonoma wildfires led to the greatest fire losses in history…until they were surpassed the following year.

2015
2015

First Cyber Risk Model

With cyber risk being named a new top-five catastrophe risk, the company released its first cyber risk model.

2011
2011

Growing Model Importance

Following the Great East Japan (Tohoku) Earthquake Tsunami, the expanding risks associated with natural catastrophes gained awareness, which increased focus on modeling. The RiskLink® Version 11 North Atlantic Hurricane release was a major update that incorporated 20 years of events and $18 billion in claims data.

2007
2007

Climate Change Focus

RMS Chief Research Officer Robert Muir-Wood was a contributing author to the IPCC Fourth Assessment Report released this year. With IPCC and Al Gore receiving the Nobel Peace Prize, the recognition of the impacts of climate change had grown. RMS expanded its focus on how climate change may affect the frequency and/or severity of modeled events.

2005
2005

Cat Modeling Certification

RMS created the first training program and certification specific to cat modeling, the Certified Catastrophe Risk Analyst (CCRA®). Since its introduction, the designation has gained insurance industry recognition as a symbol of excellence in the field of catastrophe modeling.

2003
2003

First Terrorism Model

In response to the events of 9/11, RMS released its first terrorism model. The company also provided risk analysis for the first-ever terrorism catastrophe bond issued by FIFA to cover the risk of a 2006 World Cup cancellation.

2001
2001

Terrorism Risk

The September 11, 2001, attacks on the World Trade Center and the Pentagon, combined with growing threats to other targets, fundamentally changed our world and brought the risks of terrorism to the forefront. Scientists at RMS got straight to work.

2000
2000

IRAS>>RiskLink

With the initial release of RiskLink® DLM (Detailed Loss Module), the company shifted to a new platform for its modeling and retired the original IRAS software. Modeling was now a standard practice for the insurance industry.

1998
1998

A New Owner

RMS was acquired by Daily Mail and General Trust, a British media company. By this time, RMS models covered 40 territories. The company also released RiskLink® ALM (Aggregate Loss Module), our first modeling software.

1995
1995

International Expansion

IRAS Version 3.2 expanded international coverage with six new earthquake models (Australia, Chile, Guam, Jamaica, Japan, New Zealand), three new typhoon models (Australia, Guam, Japan), two severe convective storm models (U.S., Canada), and the new fire following earthquake model (U.S.). By 1996, the company was called Risk Management Solutions and offered models covering 12 countries.

hurricane
1993

First Hurricane Model

With the release of IRAS Version 3.0, RMS offered its first hurricane model (and first Windows product). This version also included U.S. earthquake models.

hurricane andrew
1992

Hurricane Andrew

Hurricane Andrew, a Category 5 storm that struck the Bahamas, Florida, and Louisiana, was the most destructive and costliest hurricane at the time. It caused the bankruptcy of 24 insurers and made catastrophe modeling more important.

1989
1989

RMS Founded

The Insurance and Investment Risk Assessment System (IRAS) was developed at Stanford by Hemant Shah and Weimin Dong in 1988 as a research project funded by insurers. In 1989, the project was spun off to form Risk Management Software, Inc. With the Loma Prieta Earthquake that year, demand for earthquake insurance was growing, and the company’s first model – IRAS 1.0 for California Earthquake – was in demand.

2020

2019

2017

2015

2011

2007

2005

2003

2001

2000

1998

1995

1993

1992

1989

RMS Leadership Team

RMS is led by a visionary team that brings decades of science, technology, and industry expertise to keep RMS at the forefront of risk intelligence.

karen white
Karen White

Chief Executive Officer

Reed Birnbaum
Reed Birnbaum

Chief Financial Officer

Cihan Biyikoglu
Cihan Biyikoglu

Executive Vice President of Product

Moe Khosravy
Moe Khosravy

Executive Vice President, Software and Platform

Marilyn Mersereau
Marilyn Mersereau

Chief Marketing Officer

Robert Muir-Wood
Robert Muir-Wood, PhD

Chief Research Officer

Mohsen Rahnama
Mohsen Rahnama, PhD

Chief Risk Modeling Officer and Executive Vice President, Models and Data

Michael Steel
Michael Steel

Global Head of Business Development

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Careers at RMS

Join our team of leading scientists, developers, industry experts, and world-class professionals. Together, we’re creating a more resilient world through a better understanding of catastrophic events.

Christmas Quiz event at London RMS office
Volunteers working together

Corporate Social Responsibility

Our corporate social responsibility mission at RMS is to deliver catastrophe risk insights that enable more resilient communities through innovative and sustainable change.

cta

Work With the Catastrophe Risk Management Leader

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