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NEWARK, Calif. - April 21, 2015 RMS, the world's leading catastrophe risk management firm, today announced that its RMS® Philippines Earthquake Model has been licensed by the National Reinsurance Corporation of the Philippines (NRCP) as part of the reinsurer's strategy to embed a scientifically rigorous approach to its catastrophe risk management.

“Strengthening NRCP's catastrophe risk management is a strategic imperative for us," said Augusto Hidalgo, President and CEO of NRCP. “By using RMS's scientifically robust earthquake model to deepen our understanding of risk we can allocate capital more efficiently. We hope that other insurance companies in the Philippines will follow our leadership in adopting robust models to manage catastrophe risk and secure both the profitability of insurance in the Philippines and the long-term resilience of our society."

RMS also provided NRCP with analytical services through its team in India to prepare the reinsurer's portfolio for the modeling process.

“RMS's analytical services were invaluable, enabling us to start using the RMS earthquake model very quickly," said Hidalgo.

“RMS is delighted to partner with NRCP, helping them to build greater resiliency into their risk management strategy," said Paul Burgess, director, client development at RMS in Singapore. “Catastrophe models provide cedants and reinsurers, along with their reinsurance brokers, with a common language around risk, enabling the identification and quantification of risk to support better pricing and transfer of that 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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