Specialized Industrial Vulnerability
Accurately define and analyze the damageability of a comprehensive set of industrial and energy facilities using an advanced vulnerability model.
Component-Based Damage Assessments
Improve business interruption estimates and increase modeling flexibility and scalability with component-level performance assessment.
Enhanced Exposure Schema
Explicitly model unique industrial facility types not contained in standard models to represent the full spectrum of risk.
Region-specific vulnerability curves account for local construction practices and code requirements, across more than 30 peril model regions, including flood, earthquake, and windstorm.
Comprehensive Facility Modifiers
Improve analyses by customizing risks at a location level using peril-specific and business interruption secondary modifiers.
Regional and Country Industrial Facilities Models
Searching for Surprise Catastrophes: The Beirut Explosion
The history of catastrophe modeling over the past three decades, has been punctuated sporadically by catastrophes which have caused enormous economic losses, and have taken risk stakeholders, including insurers, by surprise. The Beirut explosion of August 4, 2020, is the latest such surprise catastrophe; compounded by another surprise on September 10 by a large fire that spread from a Beirut port warehouse storing cooking oil to a neighboring warehouse storing tires. Catastrophe risk analysts associ...
New Ways of Modeling Property-Liability Clash and Uncoveri...
Natural disasters and other large catastrophes can trigger huge economic losses potentially among multiple insurance lines. RMS, in collaboration with research partner Cambridge Centre for Risk Studies at University of Cambridge, have developed eight template scenarios that model liability clash triggered by natural or man-made catastrophic events. This research was primarily focused on property–liability clash modeling and was the continuation of the two-year Global Exposure Accumulation and Clash (GEAC) pro...
Maria: What Is the Impact on Industry in Puerto Rico?
Peter Datin, senior principal modeler, RMS Rajkiran Vojjala, vice president – Model Development, RMS Last week, Hurricane Maria churned across Puerto Rico with the strongest winds to hit the island in over 80 years. Puerto Rico is home to more than 50 percent of the world’s leading pharmaceutical and life science companies, which operate around 80 U.S. Food and Drug Administration (FDA) approved manufacturing plants on the island. Therefore, the impact of Maria on the industrial line of business not only i...
RMS Further Strengthens Asia Pacific Capabilities in Versi...
NEWARK, CA – 16 July, 2022 – RMS®, the leading global risk modeling and analytics firm, announced today the release of Version 18 (V18) the latest version of its leading catastrophe risk management software. Version 18 expands RMS clients’ global capabilities and brings to light new opportunities using the latest science, innovative methodologies and analytics to support profitable portfolio growth. Specifically, V18 provides the latest modeling insights to drive growth across the varied markets of the ...