Analytical Services

Client Snapshots

North American Insurer

This leading specialty property and casualty insurer underwrites and services over US$600 million of commercial and personal insurance. RMS helped the client scale up and apply cat modeling best practices for licensed perils that achieved positive business outcomes.

RMS Analytical Services is a key team member as we grow and manage the complexities of our portfolio. The key business value is consistency and accuracy.

Loss ratio reduced five percent over last five years (S&P)

Property cat quoting process 30 percent faster

European Insurer

This global general U.K. insurer offers customized solutions to large corporations, including specialty risk such as marine cargo and engineering. RMS modeled all levels of detail required for portfolio risk management and provided a consistent view of risk to ensure improved business outcomes.

In terms of our catastrophe response capabilities, knowing that we’re able to report our latest position has made a big difference.

Shaped portfolio to improve premium while reducing risk (S&P)

Improved net margin by 40 percent over last three years (S&P)

Large Reinsurer

This global reinsurer deals with multiple classes of reinsurance business, including property, casualty, marine, and energy. RMS increased client capacity to handle tight turnarounds, supported rapid global reinsurance growth with regular rollups across all business units, and established best practices.

The Analytical Services team is always very helpful and responsive when dealing with our questions. Our experience continues to be excellent.

Large volumes of business handled with support from a flexible RMS team

Increased GWP to climb two places in Top 10 Global P&C Reinsurers listing

What Does RMS Analytical Services do?

Whether you are a start-up looking to build analytics capability or a global organization with a mighty team of analysts, RMS AS can add a new dimension to your operations.

Poor Data Quality Results in Poor Insurance Business Decisions. Want to Reach 100%?

Effective catastrophe risk modeling requires accurate, quality data using robust processes from data formatting, engineering to geocoding.  Erroneous data risks misinterpreting the effect cat events have on your exposure.

With a 99.7 percent data acceptance rate, and up to 75 percent faster than in-house, RMS Analytical Services manage client data from location schedule input, formatting, geocoding through to quality assurance.  Just “Plug-and-Play” where required.

Enhance Your Organization’s Internal Analytics Capability Whenever You Need it

In-house analytics teams need support.  Working overloaded or too much routine work sees quality fall.  Supporting new business areas also requires time and resource.

Limited capability to analyze new perils, areas or regions, missed deadlines, missed opportunities, all impact your business.  Over 100 clients use RMS Analytical Services to support their analytics operations, from quick turnaround, ad-hoc assignments to complete analytics provision.

Ask the Experts for the Modeling Information Your Business Needs all On-Demand

Rapid adoption of new perils or region risk models delivers business growth for (re)insurers. RMS AS can quickly extend your modeled risks, expand writing of cat-exposed business, and manage peak volumes.

With 400 analysts experienced with all RMS models and best practice, RMS AS assists one in three current RMS clients, from in-house support through to new end-to-end turnkey modeling operations.

Smooth-Out Peaks in Analytics Workloads and Gain Efficiencies with Best Practice Adoption

Demands for regulatory and rating agency reporting, event response, and portfolio roll-ups are increasing. More frequent, robust roll-ups can all throw an in-house team off course. Continual event loss estimate revision erodes team and client confidence.

RMS AS "plugs-in" to your regulatory reporting, event response, roll-ups and more.  Using best practice, RMS AS helps you focus on business growth rather than routine reporting.