Professional reinsurer IRB Brasil Re has entered into a long-term agreement to license RMS' suite of models to enhance its catastrophe risk decision-making and better inform business growth with advanced analytics. The models will help IRB Brasil Re to expand and diversify its international business by quantifying risks and proactively monitoring its international exposures and aggregations. This agreement highlights the growing demand for catastrophe models in Latin America and RMS' commitment to serving this market. "Market-leading catastrophe risk management solutions will help meet our strategic objectives," said Leonardo Paixao, chief executive officer at IRB Brasil Re. "RMS has provided us with a leading platform to empower worldwide business growth, enabling us to make more informed and profitable decisions. We are extremely pleased with RMS' strong commitment to developing solutions for the Latin American market."
"RMS is pleased to form a strong and mutually beneficial relationship with IRB Brasil Re," said Jason Futers, senior vice president at RMS. "We look forward to supporting IRB's international growth and strategic commitment to risk management in Latin America and globally."
RMS models and software help financial institutions and public agencies evaluate and manage catastrophe risks throughout the world, promoting resilient societies and a sustainable global economy.