Risk Scores
Simplify interpretation of complex, big data catastrophe simulation with RMS Risk Scores.
Fast-Read Catastrophe Insights
RMS Risk Scores concisely capture 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, RMS Risk Scores deliver scientific insight calibrated on billions of dollars of historical claims to capture tomorrow’s risk.
Benefits
Enable Faster and Better Decision-making
RMS Risk Scores provide a simple and easy-to-use score between 1 and 10 that quickly enables users to instantly understand risk to a given peril. The scores can factor different building vulnerabilities to understand the expected response on a given hazard and enable quick decisions on whether to write, refer, or decline a risk.
Simplify Complexity
RMS Risk Scores distill complex model analytics that reflect modeled mean damage ratios into a 1-to-10 scale. This provides users with quick, easy, and informed insight into a location’s damage potential allowing for better decision-making at the point of underwriting
Benefit from Stronger Predictability
Derived from our best-in-class catastrophe models, RMS Risk Scores provide an unparalleled tool to identify and act on locations that are within your risk appetite and likely to drive portfolio losses in a predictive way.
Outperform Your Competition
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 Risk Scores. Based on hazard, vulnerability, and precise site conditions, our Risk Scores provide deep insight into location-level catastrophe risk to drive better decision-making and avoid adverse selection.
Related Solutions
Resources
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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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