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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.

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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.

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Resources

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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

RMS Data for Underwriting

RMS Data for Underwriting

Instant peril insights on every submission

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