Marine Cargo and Specie
Estimate potential losses and risks using the industry’s most comprehensive vulnerability model custom-tailored to the uniqueness of the cargo and specie lines of business.
Navigate Cargo Risk
Protect against unexpected cargo catastrophe loss by exploring the diversity of products, mobility of exposures, and specificity of policy provisions unique to the marine market.
Monitor Problematic Accumulations
Identify vulnerable concentrations of static cargo and measure port accumulations using detailed insights into cargo fragility and exposure accumulation.
Capture Critical Data
Collect and effectively analyze marine cargo and specie data that cannot be implemented in standard property catastrophe models.
Time and Seasonality
Analyze dwell time of specific product types and cargo seasonality of a port to understand the average and peak exposure at risk.
Marine-Specific View
Better understand your marine cargo and specie risks using a modeling framework designed for the marine market’s needs.
Related Products
RMS Models With Marine Cargo and Specie
The earthquake, winterstorm, flood, and severe convective storm peril models contain the vulnerability curves for the Marine Cargo and Specie Model, where applicable.
Earthquake
Get the most informed view of earthquake risk possible with comprehensive coverage of seismically active regions across five continents.
Winterstorm
Manage snow, ice, freeze, and winter wind risk with the RMS® North America Winterstorm Model and reduce your share of billions in annual industry losses.
Flood
Access broad-scale, well-validated views of flood risk to gain necessary insights into the range of commercial opportunities associated with various flood markets.
Severe Convective Storm
Move to a complete view of severe convective storm risk and improve profit margins using models that help more accurately assess severe weather risk.
Resources
Hurricane Harvey: Impact on Marine Cargo
Chris Folkman, director – Product Management, RMS Rajkiran Vojjala, vice president – Modeling, RMS As Hurricane Harvey barreled eastward from Houston, Port of Houston officials spoke of restarting operations by Labor Day (Monday, September 4) after its channels are checked for shoaling and obstructions. The eighth busiest container port in the U.S. reported no major damage to its terminals, warehouses or storage facilities, and traffic was diverted to…
No More Guessing Games for Marine Insurers
Huge ports mean huge amounts of cargo. Huge amounts of cargo mean huge accumulations of risk. As a guiding principle about where marine insurers are exposed to the highest potential losses, it seems reasonable enough. But in fact, as RMS research has proven this week, this proposition may be a bit misleading. Surprisingly, a port’s size and its catastrophe loss potential are not strongly correlated. Take the Port of Plaquemines, LA which is just south…
Tianjin Is a Wake-Up Call for The Marine Industry
“Unacceptable” “Poor” “Failed” Such was the assessment of Ed Noonan, Chairman and CEO of Validus Holdings, on the state of marine cargo modeling, according to a recent report in Insurance Day. China Stringer Network/Reuters The pointed criticism came in the wake of the August 12, 2015 explosions at the Port of Tianjin, which caused an estimated $1.6 – $3.3 billion in cargo damages. It was the second time in three years that the…
RMS Analysis Reveals the Ten World Ports at Risk of Highest Insurance Loss Due to Catastrophe
NEWARK, Calif. - August 08, 2016 RMS, the world’s leading catastrophe risk management firm, has analyzed the catastrophe risk of the world’s ports and ranked the top ten for greatest potential loss. The analysis shows that while the riskiest two ports are in Japan (Nagoya — $2.3 billion) and China (Guangzhou — $2 billion), six of the top ten riskiest ports are in the U.S., with the remaining two in Europe. Surprisingly, it is not just the biggest container…
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