We are pleased to announce that RMS Risk Intelligence™ version 1.12 has now been released. This new release includes many improvements such as the introduction of new Structure Tags and Domain Data Tables related to items such as “Line of Business”, “Underwriting Group” and “Offer Type”. The release also includes an assortment of quality improvements.
With these Structure Tags, users can now sort and filter data in the Data Directory, delivering effective data organization capabilities on the platform. But while we realize getting your data into the platform is important – getting insights from your data off the platform is even more important. There are already plenty of options available to do this. You can get these insights from the user interface (UI), exporting your data via CSV files and our APIs. You can now use SQL or your own preferred tools to obtain deep insights into your data.
So, for the rest of this blog post, I want to give you a deep dive into a new, valuable tool available for Risk Modeler users on the Risk Intelligence platform that will help you generate reports – regardless of how you access your data or deliver your final report output.
The opening keynote at Exceedance clearly set the agenda for this year’s conference – the future of risk. Karen White, chief executive officer for RMS, in her opening address, summarized the state of the risk management industry with one of her favorite songs – it just had to be David Bowie and “Changes”. But Karen asked what’s driving these changes, how do our clients see change, and how are they responding? Karen outlined how she had travelled the globe, (and clocked up hundreds of thousands of United MileagePlus points), talking to clients to get a clear-eyed view of what has changed and what to do about it.
Karen discovered that the catalysts for change had come from a wide range of sources, from how bad surprises are becoming, how new opportunities are motivating change, and how technology is changing approaches to risk. And it is a poignant time for RMS to look to the future of risk, as we celebrate and reflect on thirty years in business this year – and the birth of the nat cat modeling industry in 1989. Change has been constant in thirty years, but is now accelerating ahead, as Karen remarked that the next five years will define the future of risk.