
Loss Costs
Uncover the true cost of insuring a risk and avoid miscalculations with loss cost data.
eBook: An Insurance Underwriters' Guide
Identify, connect, and surface the right data to quickly inform the best decisions with Location Intelligence.

The Cutting Edge of Data-Driven Underwriting
RMS Loss Costs are distilled from terabytes of catastrophe simulation data, enabling real-time, ultra-high-resolution insight. The RMS Location Intelligence API can provide this insight quickly, accurately, and with minimal technical overhead. Simply send an address or coordinates with optional details on building attributes and the API returns a loss cost. Full documentation is available to support the scientific assumptions underlying each metric, and API-based implementation is frictionless, simple, and fast.
Benefits

Refine Risk Pricing
Ensuring price adequacy is critical to profitability. Natural catastrophe pricing is particularly challenging due to the lack of historical claims. By using data derived from RMS best-in-class risk models, loss cost data can be used at the point of underwriting to provide location-level refined risk pricing.
Streamline Automation
RMS Location Intelligence API is designed to return data instantaneously. This allows users and automated underwriting portals to access industry-leading model science in real-time to help underwrite and price risks appropriately.
Account for Vulnerability
Different building stocks can exhibit significantly different loss potential, even when exposed to the same hazard. RMS loss cost data enables users to benefit from the information that is known about a risk to help fine-tune pricing, informed by claims data and engineering studies.
Ensure Consistency
RMS Loss Cost data enables users to access the same science that underpins our probabilistic models at the point of underwriting, to help eliminate the use of disparate data driving inconsistent decisions across the insurance workflow.
Available Perils
- Earthquake
- Flood
- Hail
- Storm Surge
- Terrorism
- Tornado
- Wildfire
- Wind
- Winterstorm
Deductible Support
Need to provide multiple deductible options? Use our fast API to get the deductible-adjusted results in milliseconds.
Related Products

SiteIQ
Assess a location’s risk to multiple perils, loss potential, and key third-party insights in seconds with this application.

Location Intelligence API
Gain better underwriting perspective with instant access to the world’s best catastrophe insights.
Resources

Importance of High-quality Data
Jordan Byk, Senior Director of Product Management, discusses the importance of high-quality data.

Purpose-built Geocoding Data
Chris Sams, Senior Product Manager, discusses the importance of purpose-built geocoding data.

Quality Data at Speed
Oliver Smith, Senior Product Manager, discusses the importance of quality data at speed.

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Underwriting With 20:20 Vision
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RMS Data for Underwriting
Carriers want to write better risks, reduce underwriting frictional expense, and build consistency within their portfolios. RMS® Data for Underwriting is a rapidly expanding suite of data delivered instantly at the point of underwriting.

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