If you are a risk professional that always wants to discover what’s new in our industry, then I’m sure you’d be interested in learning about our new developments: the first RMS high-definition (HD) models, managing novel perils such as cyber, and a total re-examination of more established perils, such as marine cargo.
You can satisfy this craving for the latest thinking, products, and solutions by joining us at Exceedance in Miami this May. With more than sixty sessions plus our general sessions and keynotes, here’s just a selection of the new developments we’ll be covering:
Explore high-definition (HD) modeling
There is a lot of excitement around HD models, representing our next generation of RMS probabilistic modeling, with full-simulation models incorporating the latest technology across all modeling components. You will be among the first to discover our new HD models at Exceedance, with HD modeling powered by RMS(one) for Europe Flood, Japan Typhoon, and New Zealand Earthquake.
It’s not just the models themselves that we will examine; we’ll also look at business-use cases for all RMS HD model components and analytics, from data to maps, and our Model Evaluation Environment, through to portfolio management with RMS(one).
New opportunities from new perils and new models
New perils are always fascinating as they offer growth for those who can harness their potential. To give us all a head start and increase understanding, we have called in leading experts in cyber and terrorism for Exceedance to discuss the latest insights for both these high-profile perils.
While cyber continues to be a serious business threat, (re)insurers’ cautiousness around the systemic nature of the risk sees cyber insurance demand outstripping supply. Matt Olsen, president of IronNet, will give context on the cyber crime environment, with the RMS Cyber Risk team explaining how to assess cyber threat and manage risk accumulations with our new Cyber Accumulation Management System.
Respected terrorism expert Bruce Hoffman will offer his view of a world where extremism is on the rise, as we also show the similarities and differences between modeling a human-made peril compared to traditional natural catastrophe modeling concepts and practices.
Finally, with the sheer scale of global trade seeing accumulations of billions of dollars of cargo at global ports, a new approach to modeling marine cargo insurance is needed. We’ll show examples of sample modeled losses using our new RMS Cargo and Specie Model, explain how to manage a global cargo portfolio, and tackle accumulations in prime risk areas such as ports.
I hope you can join us at Exceedance.