Tropical Cyclone Models
Market-leading RMS models deliver the reference view of cyclone, hurricane or typhoon risk for each region.
Single, basin-wide event methodology validated using over $300 billion of loss data, RMS North Atlantic Hurricane Models help (re)insurers quantify risk across 40 countries throughout the Atlantic, Eastern Pacific, and Central Pacific Basins.
During 2018 and 2019, Japan saw overall insured losses from typhoons Jebi, Trami, Faxai and Hagibis approach US$20billion. RMS offers the most advanced model on the market, the only model to incorporate the latest finds from these recent events.
Modeling reflects the latest representation of cyclone hazard frequency and severity in Australia, with vulnerability calibrated against recent events such as Marcia and Yasi.
Western North Pacific Typhoon
Advanced risk modeling for typhoon covers all the major impacted regions including China, Japan, the Philippines, South Korea, and Taiwan.
Reactions 2018 North America Risk Modeler of the Year
RMS was named “2018 North America Risk Modeler of the Year” at the eleventh Reactions North America Awards for its support for clients during the 2017 North Atlantic Hurricane Season.
Achieving an Industry First With Version 18.1 FCHLPM Certification
Following this approval, RMS becomes the first risk modeling and analytics firm to have its hurricane models approved by the FCHLPM on a software and cloud platform simultaneously.
Reactions 2018 Latin America Risk Modeler of the Year
"RMS models and reconnaissance efforts helped licensed customers and the industry to understand their total exposed limits with greater precision. Last year's events 'road tested' the capability and efficacy of our models...."
Atlantic Hurricane in 2020: Are We in Store for Another Record-Breaking Year?
In the midst of the 2020 Atlantic hurricane season, with storms forming in rapid sequence, records broken early in the season and four storms already producing significant damage in the Caribbean and U.S., whether we are headed for a record-breaking year is a good question. Various forecast agencies have issued mid-season updates, which signal prospects for the remainder of the season. But what about the 2020 season to date, and how does it compare to notably…
New Insights Within the Japan Typhoon and Flood HD Model
Japan lies in the northern reaches of the most active tropical cyclone (typhoon) basin in the world; the western North Pacific. Aspects of Japan’s geography, not least its position, make it susceptible to typhoons. And as one of the world’s largest insurance markets, Japan has significant insured exposure at risk to typhoons. It is within this context that RMS has had a typhoon model for Japan for over 25 years—and have now launched our latest—the RMS Japan…
The Year of the Kitten
Almost three months ago we passed a remarkable record in catastrophe loss. And yet no one seems to want to celebrate it. No banner headlines in the newspapers. No speeches at the Monte Carlo Reinsurance Rendezvous. The first half of 2019 generated the lowest catastrophe insurance loss for more than a decade. The estimates come in at: US$15 billion (Munich Re), US$19 billion (Sigma), or US$20 billion (Aon). In straight dollar terms, independent of any…
How Did the 2017-2018 Hurricanes Affect Medium-Term Rates?
Earlier this year, RMS released its latest medium-term rates (MTR) forecast for the North Atlantic hurricane basin as part of the North Atlantic Hurricane Models Version 18.1 release. Applicable over the 2019-2023 period, the Version 18.1 forecast represents an update from the previous MTR forecast issued in 2017 for the 2017-2021 period, by reflecting hurricane activity from the 2017 and 2018 seasons. The MTR forecast provides a forward-looking estimate of…
Typhoon Hagibis: Japan’s Wettest Typhoon on Record
Japan continues to assess the extent of the damage caused by Typhoon Hagibis, which made landfall near the Izu Peninsula in Shizuoka Prefecture on Saturday, October 12. Current reports state that at least 66 people have been killed, dozens of people are missing, and hundreds are injured. At this time, the worst impacted prefectures include Nagano, Saitama, Shizuoka, and Fukushima. However, the full extent of the damage is not expected to be known for several…
Northern Bahamas Devastated by Major Hurricane Dorian
Initial reports from the Bahamas suggest that the islands of Great Abaco and Grand Bahama have been left devastated from Major Hurricane Dorian, evoking memories of the destruction on the eastern Caribbean island of Barbuda in the immediate aftermath of Hurricane Irma just two years ago. A Record-Breaking Hurricane for the Bahamas and the Atlantic Dorian underwent an unprecedented period of rapid intensification between August 31 and September 1, that took…
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