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New York - January 15, 2014 MongoDB today announced that RMS, the leader in catastrophe risk modeling, has selected MongoDB as the data store for RMS(one)™, the insurance industry’s first cloud-based, open, real-time risk management platform. Developed by RMS, RMS(one) securely centralizes all the data and analytics insurance companies need to evaluate the risk from global catastrophes. The high-resolution, single-source of risk analytics will enable insurance companies to plan new growth strategies and manage their capital more effectively.

The MongoDB-based platform currently stores in excess of 100 billion documents per year and will scale to support trillions of documents, representing hundreds of terabytes of data. Leveraging MongoDB’s flexible document model, RMS is able to create different attributes for risk exposure data, including detailed property, business and policy information, which vary greatly across clients. RMS(one) is currently in beta and will become generally available in Spring 2014.

“RMS(one) is a unique platform; nothing like this has ever been built for the insurance industry,” said Philippe Stephan, chief technology officer at RMS. “By providing enterprise-wide access to comprehensive risk information, we’re opening up a completely new way of doing business for our clients, who will benefit from greater efficiency in underwriting portfolio management.”

“Compared to technology of the past, MongoDB delivers massive horizontal scale with a highly secure, reliable and resilient back-end data store,” said Stephan. “MongoDB’s schema extensibility, ease of use and robust deployment features enabled us to rapidly develop RMS(one), moving from our current deployed enterprise product to a MongoDB-based cloud system.”

RMS(one) combines diverse data sources into a single application to deliver an innovative experience to users that sets a new standard in the insurance industry. MongoDB provides consistently high performance at scale and secure access to the data, as mandated by industry standards.

“The RMS(one) platform is an ambitious project that has the potential to transform a multi-trillion dollar industry,” said Max Schireson, CEO at MongoDB. “As evidenced by the complexity and scale demands of this platform, MongoDB continues to be the NoSQL solution of choice to support big data applications. RMS’ focus on using innovative, forward-looking technology, along with their 25 years of expertise in the industry, offers a powerful combination to help their clients realize the business benefits of a truly real-time and resilient enterprise.”

MongoDB has a thriving global community with over 6.5 million downloads of its open-source database, 145,000 online education registrations, 28,000 user group members and 20,000 MongoDB Days attendees.

All over the world, thousands of organizations use MongoDB for its agile and scalable approach to data management. Common use cases include operational and analytical big data, content management and delivery, mobile and social infrastructure, user data management and data hub.

RMS is the world’s largest catastrophe modeling company and the only one of its kind to deliver its global suite of catastrophe models within a rich ecosystem incorporating all sources of risk.

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About RMS

Risk Management Solutions, Inc. (RMS) helps insurers, financial markets, corporations, and public agencies evaluate and manage global risk from natural and man-made catastrophes, including hurricanes, earthquakes, floods, climate change, cyber, and pandemics.

RMS leads the catastrophe risk industry that we helped to pioneer by marrying data and advanced model science with leading-edge technology. Leaders across multiple industries can address the risks of tomorrow through RMS Risk Intelligence™, our open, real-time exposure and risk management platform, enabling them to tap into RMS HD models, rich data layers, intuitive applications and APIs that simply integrate into existing enterprise systems.

RMS is a trusted solutions partner enabling effective risk management for better business decision making across underwriting, risk selection, mitigation, and portfolio management.

Visit RMS.com to learn more and follow us on LinkedIn and Twitter.

Media Contacts

Matthew Longbottom

PR Lead, EU and APAC
+44 20 7444 7706 prteam@rms.com

Devonne Cusi

PR Lead, Americas
+1 551 226 1604 prteam@rms.com
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