logo image

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.

img

“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.”

Related Resources
July 07, 2020
Covid-19 Can Be Springboard to Understanding Clash Risk: RMS CEO

June 19, 2020
The COVID Catastrophe

June 19, 2020
A Model Approach

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
cta image

Subscribe to Our Newsletter

close button
Video Title

Thank You

You’ll be contacted by an RMS specialist shortly.

RMS.com uses cookies to improve your experience and analyze site usage. Read Cookie Policy or click I understand.

close