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Hoboken, NJ - September 28, 2018  RMS, the world’s leading risk modeling and analytics company, announced today that it was named 2018 North America Risk Modeler of the Year at this year’s Reactions 11th Annual North America Awards, held on September 27 in New York City. Recognizing top performance and innovation in the market, the award highlights RMS risk management expertise along with the firm’s superior offerings across data and innovative science-based technologies.

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“We are honored to be chosen by the industry as the 2018 Risk Modeler of the Year,” said Pete Dailey, Vice President, Americas Climate Models at RMS. “Our approach to modeling and reconnaissance work in the face of Harvey, Irma and Maria during 2017 emphasized to RMS clients in both the (re)insurance industry and the capital markets that we continue to be a dependable source of guidance offering key data necessary for their businesses.”

This award showcases the RMS commitment to providing clients and the market with scientifically sound models, robust data sets, and unparalleled analytical services during a very active 2017 catastrophe season, helping insurers protect and find new opportunities for their businesses. In a year of the highest insured losses ever, 2017’s disasters were especially concentrated in North America with 83 percent, or US$273.9 billion, of overall global losses of US$330 billion. RMS climate risk models, such as the RMS North Atlantic Hurricane Models suite, delivered the insights that helped the market to quantify, differentiate and manage hurricane risk accurately, from the local level to larger portfolio management and capital management decisions.

“We care about the accuracy of our loss data,” said  Dailey. “After a storm makes landfall, we conduct a deep analysis of the event and its impact, including a full event reconstruction validated by on-site reconnaissance. Only after this is complete do we issue an insured loss estimate to the market, thus delivering losses and insights that are supported by evidence.”

The 2018 North America Risk Modeler of the Year award highlights the agility that RMS brings to an evolving market with science-based insights and a comprehensive, data-driven approach to modeling risk. RMS continues to demonstrate a commitment to partnering with global clients to help them better assess gaps and stresses in their portfolios in combination with capitalizing on new opportunities, such as those associated with wildfire risk across North America and the growing private market for U.S. inland flood.

When it comes to addressing client needs, Lorenzo Sargenti, Managing Director, Client Development at RMS, said, “Previously, in both 2017 and 2018, Reactions named RMS the Latin America Risk Modeler of the Year due to our delivery of new risk modeling capabilities and knowledge that helped the region’s insurers protect their businesses and offer opportunities for global expansion. Our clients recognize the value of our models during catastrophic events and the ongoing support we provide to their changing business needs. Working with the industry-at-large, we’re pursuing creative solutions toward a goal of global sustainability and resilience.”

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About RMS

Risk Management Solutions, Inc. (RMS) shapes the world's view of risk for insurers, reinsurers, financial services organizations, and the public sector. We empower organizations to evaluate and manage global risk from natural and man-made catastrophes, including hurricanes, earthquakes, floods, climate change, cyber, and pandemics. RMS models underlie the nearly US$2 trillion Property & Casualty industry and many insurers, reinsurers, and brokers around the world rely on RMS model science.

RMS helped pioneer the catastrophe risk industry, and continues to lead in innovation by offering unmatched science, technology, and 300+ catastrophe risk models. Leaders across multiple industries can address the risks of tomorrow with the RMS Intelligent Risk Platform™, the only open cloud with collaborative applications and unified analytics that can power risk management excellence across organizations and industries. 

Further supporting the industry's transition to modern risk management, RMS spearheaded the Risk Data Open Standard (RDOS), a modern, open-standard data schema designed to be an extensible and flexible asset within modeling/analysis systems.

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

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

RMS is a subsidiary of Moody’s Corporation (NYSE: MCO) and operates as part of the Moody’s Analytics business segment. Moody’s Analytics is operationally and legally separate from the Moody’s Investors Service credit rating agency.

Media Contacts

Matthew Longbottom

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

Haggie Partners

PR Lead, Americas
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