The Insurance Institute of China Appoints RMS Beijing as a Member
Newark, Calif. -
October 23, 2012 -
RMS today announced that RMS Beijing Ltd. was appointed as a member of the Insurance Institute of China (IIC) by the 8th Board of Directors, with RMS' Dr. Hang Gao serving as a new director.
"Since 2008, RMS (Beijing) has been advocating and improving the scientific quantification of catastrophe risk in China. Being accepted by IIC demonstrates the industry's approval of RMS' endeavors and expertise in the field," said Dr. Hang Gao, APAC Representative at RMS. "This shows an increasing interest and awareness of cat models in the region. RMS is delighted to make this solid step in its regional development."
Founded in Nov. 1979 in Beijing, IIC is a nation-wide nonprofit organization, engaged in insurance academic research and policy-making analysis. Supervised and conducted directly both by China Insurance Regulatory Commission (CIRC) and by the Ministry of Civil Affairs of PRC, the organization is made up of 237 members, with RMS (Beijing) being the first and only catastrophe modeling firm.
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.