Upcoming Updates to RMS RiskLink and RiskBrowser with Version 22
Brett WilliamsFebruary 11, 2022
RMS® is excited to announce that a major new version of RiskLink®, RiskBrowser®, and related products is expected to be generally available on June 30, 2022. Version 22 includes numerous updates to existing models for both core perils and climate change views, together with improvements to geocoding and security, plus hazard field updates and other software enhancements.
As we have done in previous years, Version 22 models and data products will be released simultaneously for both on-premises and hosted clients using RiskLink and RiskBrowser, and it will be available for Risk Modeler™ application, Exposure IQ™ application, and Location Intelligence API software (where applicable) on the RMS Intelligent Risk Platform™. With the new release, Risk Modeler will support Version 22 models, side by side with existing model versions: 18, 18.1, and 21 (see Figure 1).
Some of the major models updated in the Version 22 release are:
RMS is expanding the analysis functionality of our U.S. and Canada Winterstorm Model in several ways, including:
Users can run the full stochastic event set, or single out “catastrophe” or “non-catastrophe” storm events
Clients will be able to run vulnerability sensitivity options, and post-event loss amplification (PLA).
RMS is making significant improvements to the vulnerability curves for buildings, contents, and business interruption, and adding a new historical event (freeze, snow, ice, and wind sub-perils) to represent U.S. and Canada winter weather from February 2021, which was the costliest winter storm on record in the U.S.
New Feature for North Atlantic Hurricane Climate Change Models
In 2021, RMS released a Climate Change Model for North Atlantic hurricane that focused on conditioning of the wind hazard to reflect future climate scenarios. Now in Version 22, RMS is enhancing the Climate Change Model features to include sea level rise projections for the United States. These projections include the impact of vertical land movement, for example, areas of land sinking in the Gulf region.
Users can choose to simulate sea level rise for up to four greenhouse gas concentration trajectories (known as Representative Concentration Pathways, or RCPs) at any time between 2020 and 2100 for the U.S., in combination with future wind hazard projections. The North Atlantic Hurricane Climate Change Models are available in RiskLink and Risk Modeler. Please contact your customer success manager to discuss licensing and deployment.
Updated South Korea Typhoon Model
RMS released our first model for South Korea typhoon risk in 2017, explicitly modeling the three typhoon-induced perils of wind, inland flooding, and storm surge. An update to this model will be released in 2022 based on a review of all model components, using the latest data and with learnings from recent typhoons across the region, and with a focus on a recalibration of vulnerability and improvements to flood hazard modeling. In addition, our industry exposure database (IED) and industry loss curve (ILC) products will be updated.
Latest View of Risk for Taiwan Typhoon Model
In 2017, RMS released our first model for typhoon risk in Taiwan, which explicitly modeled the three typhoon-induced perils of wind, inland flooding, and storm surge. This model will be updated in 2022, and the new release incorporates learnings from typhoons impacting Taiwan over recent years, regions of the western North Pacific, and vulnerability functions from other regions including Japan, Europe, and the U.S. The update focuses on components of the wind hazard and both wind and flood vulnerability. In addition, our IED and ILC products will be updated.
Significant Enhancements to China Earthquake Model
RMS is making considerable improvements to the China Earthquake Model across all model components. The updated model provides a robust, comprehensive representation of seismic risk, accounting for damage due to ground shaking and ground deformation associated with liquefaction and landslides.
Clients will benefit from:
New stochastic event sets that represent the latest understanding of earthquake processes in China, incorporating fault-specific sources as well as crustal strain rate data to delineate seismicity rates
Ground motion footprints updated to reflect the latest science and observations from recent events in China, including the 2008 Wenchuan Earthquake
Reevaluated geotechnical data to enhance the quantification of site-specific factors, such as ground motion amplification, liquefaction-driven ground deformation, and landslide susceptibility
Updated assessment of building performance to better reflect the latest construction practices as well as lessons learned during recent events
The geographic coverage for the model includes continental China, Hong Kong, and Macau – with Taiwan covered by a separate but integrated model. The China Earthquake Model will also feature updates to its ancillary products including the Industrial Facilities Model, the Builders Risk Model, and the Human Casualty Model.
Updated Central and South America Earthquake Models
RMS customers will benefit from significant updates to the Central and South America Earthquake Models. This includes a new event catalog featuring over a million events, along with new event rate sets, and updates to the ground motion model, geotechnical model, building inventory, and vulnerability.
These updates will impact all 15 countries in the region, including Chile, Colombia, and Peru. Shake-induced landslide hazard for the entire region is being introduced for the first time, along with tsunami accumulation footprints for Chile, Peru, and Ecuador. In addition, an IED, ILC, and Builders Risk vulnerability will now be made available for all countries in the region.
Models for all countries in Central and South America will benefit from a significant geocoding update, which includes new data sources, new vintages of data, and support for previously unavailable geocoding resolutions. This will have a downstream benefit to the Central America hurricane loss results, which will have improved confidence due to finer geocoding resolution.
For the first time, the U.S. will benefit from geocoding based on building footprints. We are also updating the postcode-level and admin-level centroids for China.
Additional Software and Security Updates
To further help protect against cyber threat actors, RiskBrowser is receiving several security updates, including the implementation of a strong password policy, and other enhancements that will be detailed in release documentation.
RMS is also enabling individual licensing of the China Earthquake Model, Hong Kong Earthquake Model, and the Continental China Flood Model.
New certified or supported platforms planned for Version 22 RiskLink and RiskBrowser focus on various iterations of Microsoft Windows Server 2016 and 2019, SQL Server 2016 and 2019, Microsoft HPC Pack 2019 Update 1, and Windows 11. More details will be available in upcoming system recommendation guides.
Together, these Version 22 features and capabilities ensure that you have access to the most advanced modeling science, data, and technology. Contact your customer success manager to discuss options for upgrading to Version 22, or email us.
Version 21 North Atlantic Hurricane Models: Flexible Solutions to Meet Diverse Needs
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RiskLink® and RiskBrowser® Version 21: A Seamless Transition to Risk Management in the Cloud
Catastrophe Modeling Solutions
Staff Product Manager, Software and Applications
A 14-year veteran of RMS, Brett is responsible for on-premises and hosted RiskLink and RiskBrowser, and their feature parity with Risk Modeler on the Intelligent Risk Platform. Prior to his product management role, Brett served as a software support specialist, workflow advisor, and trainer across the RMS client base. Brett also spent six years as an Account Manager, working daily with some of the largest companies in the (re)insurance industry worldwide.
Prior to RMS, Brett worked on electromagnetic simulation and atmospheric condition prediction software. He has a bachelor’s degree in meteorology from Pennsylvania State University.