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.
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.
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.