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RiskScore

Fast-Read Catastrophe Insights

An RMS RiskScore concisely captures the science of modeling by expressing risk as a 1 to 10 score with clear definitions for each value to assist with underwriting. Based on industry-leading risk models that are grounded in today’s reality, an RMS RiskScore delivers scientific insight calibrated on billions of dollars of historical claims to capture tomorrow’s risk.

riskscore

Benefits

Quick Decisions

RMS pre-compiles its cat simulations into risk scores for every significant combination of exposure characteristic (construction, height, year built, and others) to provide instant insight into a risk’s damage potential at key return periods. For example: a 100-year earthquake risk score of 8 corresponds to 30-40 percent damage, enabling quick decisions about whether to decline, quote, or refer.

Accurate, Holistic Scoring

For years, the industry has relied on deficient hazard-only scores that failed to distinguish different types of building construction and ages. RMS RiskScore reflects these differentiations, enabling better decision-making at the point of underwriting.

High-Resolution Insights

For events like flood and wildfire, where small differences in location can translate to large differences in loss, precision counts. RMS provides the resolution needed to stay ahead in today’s competitive market.

Optimal Accuracy

Risk differentiation is a critical underwriting discipline. Given 10 locations in a single neighborhood that look the same on paper, some will score very differently using an RMS RiskScore. Based on hazard, vulnerability, and precise site conditions, the scores provide deep insight into location-level catastrophe risk to drive better risk management and avoid adverse selection.

Related Solutions

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SiteIQ

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

location-intelligence
Location Intelligence API

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

Resources

Trepp Integration of RMS environmental risk score data
News
Trepp Announces RMS Integration to Give CMBS Investors Access to Environmental Risk Measures

The Trepp integration of RMS solutions provides an environmental risk score for properties backing commercial mortgage-backed securities (CMBS) loans.

The data difference
Exposure
The Data Difference

The value of data as a driver of business decisions has grown exponentially as the importance of generating sustainable underwriting profit becomes the primary focus for companies in response to recent diminished investment yields. Increased risk selection scrutiny is more important than ever to maintain underwriting margins. High-caliber, insightful risk data is critical for the data analytics that support each risk decision The insurance industry is in a…

20-20 vision
Exposure
Underwriting With 20:20 Vision

Risk data delivered to underwriting platforms via application programming interfaces (API) is bringing granular exposure information and model insights to high-volume risks The insurance industry boasts some of the most sophisticated modeling capabilities in the world. And yet the average property underwriter does not have access to the kind of predictive tools that carriers use at a portfolio level to manage risk aggregation, streamline reinsurance buying…

underwriting
Publications
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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