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NEWARK, Calif. - April 20, 2015 RMS, the world’s leading catastrophe risk management firm, estimates that insured property losses from Windstorm Niklas will fall between 750 million and 1.5 billion euro. Losses in Germany will account for around three quarters of the total loss.

The loss estimate is based on hazard reconstruction using the recently released version 15.0 RMS® Europe Windstorm Models. Findings from a comprehensive investigation by the RMS reconnaissance team of the worst-affected area of southern Germany provided valuable detail on the damage, which was used to validate the model output.

The estimate includes damage to property, auto, forestry, agriculture and direct business interruption but excludes losses from damage to infrastructure. RMS expects no post-event loss amplification and anticipates low business interruption losses. Losses from auto are not expected to exceed more than five percent of the total loss.

“RMS releases loss estimates only after we have gathered enough information to make an informed assessment," said Brian Owens, senior director, model product strategy at RMS. “By conducting thorough ground reconnaissance we feed valuable insight into detailed modeling analysis of the event to produce a reliable loss estimate for our clients."

Experts on windstorms and catastrophe risk management are available for comment by contacting pr@rms.com.

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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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