Loss Costs

Avoid Mispricing

Pricing is a mission-critical part of insurer operations. Getting it wrong can be disastrous. Cat pricing is even more difficult due to a lack of historical claims. By using the best cat analytics at the point of underwriting, you can avoid this problem. RMS loss cost data delivers that insight.

Streamline Automation

The RMS Location Intelligence API pre-compiles big data simulations so you can have them at your fingertips. This allows users to access industry-leading model science in real time to help underwrite and price risks accurately.

Account for Vulnerability

Today, too many risk selection and pricing metrics are based on hazard-only scores. The problem is, vulnerability matters: Brick houses perform well in fires but poorly in earthquakes. RMS Loss Costs, calibrated on billions of dollars of claims, are vulnerability-specific to meet this need.

Increase Transparency

Don’t rely on black-box data for your pricing needs. RMS Loss Costs are provided for structure, contents, and business interruption – with full documentation on the upstream simulations that created them.

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.