Hazard Data

A hazard is a condition, circumstance, or situation that makes a loss more likely to be suffered.

Deep hazard insight drives better underwriting results.

Hazard Data: Actionable insights on Potential Property Loss

If claims data is the black-and-white information that drives property underwriting, then hazard data is the color around it. Often used as a proxy for risk, hazard data yields decision-making insight by providing discrete information about the condition of a property that may impact its loss outcome.

Hazard data can provide clues about a property’s susceptibility to loss that wouldn’t otherwise be apparent in its historical loss experience. For example, many California properties may only be subject to light ground shaking in most earthquakes – but a portion of these properties are on slopes with poor soil condition, making them especially prone to liquefaction and landslides. Hazard data enables this insight.

The World’s Best Hazard Science at your Underwriting Desk

RMS employs the world’s top meteorologists, seismologists, and hydrologists so you don’t have to. Using RMS hazard data to select, evaluate, and price catastrophe risk brings hundreds of man years of peril expertise directly to the fingertips of your underwriting specialists. This enables better underwriting margins for difficult risks.

Drive Consistency Between Underwriting and Modeling

RMS hazard data is native to its industry-leading models. Allowing your underwriters to use this as decision-making criteria will maintain consistency between portfolio management, reinsurance decisions, and underwriting.

Out-select Your Competitors

Different risks often look the same on paper. But are they? Using RMS hazard data gives you the optics to answer this question, avoiding adverse selection and out-selecting the crowd.

All Natural Hazards, Globally – in One Place

Need to evaluate wildfire risk in California, flood risk in the United Kingdom, and earthquake risk in New Zealand? How about doing it with a single API call? That’s the power of RMS hazard data.

Examples of RMS Hazard Data Available:

  • 250 year earthquake shake intensity
  • 100 year flood depth, defended and undefended
  • Soil condition
  • Liquefaction susceptibility
  • Flood, wind, wildfire zone
  • Distance to coast, earthquake fault, wildfire zone
  • Number of historical wildfires within 2, 5, 10 kilometers
  • First floor height above ground
  • Likelihood of basement presence
  • And dozens more...