LONDON, U.K. - January 04, 2017 RMS, the world’s leading catastrophe risk management firm, today announced that commercial property and casualty insurer Mitsui Sumitomo Marine Management (MSMM) has licensed Exposure Manager, the first solution on the RMS(one)® platform, to strengthen its risk accumulation management.
The subsidiary of Mitsui Sumitomo Insurance Company is one of several insurers using Exposure Manager to minimize blind spots within their risk portfolios. The cloud-based solution enables firms to manage their exposure concentrations more intuitively by providing a clearer, actionable view of real-time risk accumulations. The solution also allows management of exposure concentrations in a consistent and robust manner, which is essential for minimizing losses, delivering a more agile and informed company response following a catastrophe.
“RMS Exposure Manager gives us the analytics we need, when we need them – all based on the latest view of risk,” said Michael Daly, senior vice president and chief underwriting officer of Mitsui Sumitomo Marine Management USA. “We’ve been really impressed by the speed and simplicity of calculating key metrics such as exposed limit, allowing us to very quickly derive insights into our exposures. The clearer view of our accumulations across our diverse risk portfolio makes it so much easier for our exposure management and underwriting teams to quickly make vital portfolio decisions on growth opportunities and risk hotspots, before information becomes outdated.”
In contrast with traditional methods of producing exposure reports, which can be labor-intensive, with Exposure Manager, formatting data, running complex queries, and extracting information to build static reports are all automated to streamline the portfolio management process and generate better information for the point-of-underwriting.
“Exposure Manager gives our clients the clear view they need to deliver portfolio-level insights that are backed by the latest science for a deeper, more comprehensive understanding of potential loss,” said Farhana Alarakhiya, vice president, software product marketing at RMS. “We have integrated the flagship RMS Financial Model and our library of hazard layers into Exposure Manager, making it so much easier for firms to minimize losses and optimize the use of their capital.”
Exposure Manager’s easy-to-use interface can be accessed via a web browser from any device, at any time, to allow firms to make business decisions rapidly.
More information on Exposure Manager is available here.