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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.

Risk Modeler 2.0

2020

Risk Modeler 2.0

Launched in July, Risk Modeler 2.0 is the leading next-generation Risk Management solution. It’s what cloud-native really means: economies of scale, elasticity, ease of deployments, and security.

Risk Data Open Standard

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.

Wildfire

2019

New Solutions for New Needs

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

data solutions

2019

Two Powerful Data Solutions

RMS introduced Location Intelligence API, giving underwriters big data simulations of catastrophe events, and SiteIQ™, enabling a deeper understanding of all hazards facing any property.

firefighter

2017

Hurricane, Flood, and Fire

For Hurricane Harvey (category 4 storm – Houston) and Hurricane Maria (cat-5 – Puerto Rico), the RMS Event Response Team provided detailed flood estimate maps using our US Flood model. This same year, Napa and Sonoma wildfires led to record losses… until being surpassed in 2018.

Cyber Model

2015

First Cyber Risk Model

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

Tohuku Earthquake Tsunami (Japan)

2011

Growing Model Importance

Following the Tohuku Earthquake Tsunami (Japan) and increased focus on natural catastrophe risk, RMS released its RiskLink Version 11 North Atlantic Hurricane model, a major update incorporating 20 years of events and $18 billion in claims data.

Climate Change

2007

Climate Change Focus

RMS CRO Robert Muir-Wood was contributing author of the IPCC Fourth Assessment Report. IPCC and Al Gore won the Nobel Peace Prize, drawing international attention to climate change. RMS expanded its focus on climate change and its effect on the frequency/severity of modeled events.

Cat Modeling Certification

2005

Cat Modeling Certification

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

First Terrorism Model

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.

Terrorism Risk

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.

Risk Link

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.

Daily Mail and General Trust

1998

A New Owner

Risk Management Solutions (RMS) was acquired by Daily Mail and General Trust (DMGT), 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.

rms logo

1996

New Company Name

Risk Management Software, Inc. becomes Risk Management Solutions, Inc. to better reflect its expansion into risk modeling solutions and services.

International Model Expansion

1995

International Expansion

IRAS Version 3.2 expanded coverage with six earthquake models (AUS, CHL, GU, JAM, JPN, NZL), three typhoon models (AUS, GU, JPN), two severe convective storm models (USA, CAN), and a fire-following earthquake model (USA).

First Hurricane Model

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. See also hurricane and 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 a business-critical investment.

Loma Prieta

1989

RMS Earthquake Model

With the Loma Prieta Earthquake occurring the same year that RMS was founded, demand for earthquake insurance was growing. The company’s first model – IRAS 1.0 for California Earthquake – was in high demand.

Hemant Shah and Weimin Dong

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.

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

Pat McCarthy
Pat McCarthy

Executive Vice President, Sales and Client Development

Marilyn Mersereau
Marilyn Mersereau

Chief Marketing Officer

Robert Muir-Wood
Robert Muir-Wood, PhD

Chief Research Officer

Mitch Parker
Mitch Parker

Global Head of Customer Success​

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

rms career bg

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
Corporate Social Responsibility

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.

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Work With the Catastrophe Risk Management Leader

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