NEWARK, CA – January 24, 2019 – RMS®, the world’s leading risk modeling and analytics firm, announces the appointment of Cihan Biyikoglu to Executive Vice President of Product. Biyikoglu will report to Chief Executive Officer Karen White and serve as a member of the company’s Executive Committee. As the Head of Product Management, Biyikoglu will oversee management of the full suite of RMS products including models, software, platform, data and analytics.
Cihan comes to RMS with nearly 20 years of experience spearheading product management for big data, data analytics and modeling solutions with some of the world’s most successful technology companies. He holds multiple patents in these areas. Most recently, Cihan served as the Vice President of Product Management at Databricks, which delivers a widely adopted analytics platform leveraging Apache Spark, artificial intelligence and machine learning to deliver compelling solutions to the market. Prior to his leadership role at Databricks, Biyikoglu served as the Vice President of Product for Redis Labs, where he shaped the architectural direction and drove the product strategy and roadmap for the company’s market leading open source products, cloud services and on-premise data and analytics platforms. Biyikoglu also held prominent product management positions at Microsoft, Couchbase and Twitter. For nearly a decade, Biyikoglu served as product leader for Microsoft’s Azure Cloud Platform and suite of SQL Server products, the most widely adopted database solution in the market worldwide. Biyikoglu has demonstrated throughout his career an ability to bring customer-centric and commercially successful solutions to market at scale.
Karen White Chief Executive Officer at RMS said, “Cihan is one of the best product executives in the technology industry. He has a distinguished track record of bringing innovative, quality products to market that win high praise from customers and achieve terrific commercial success. Cihan is deeply technical, an innovative thinker, and is incredibly customer focused. He has the rare ability to drive great products to market through his understanding of how technology can best serve the needs of customers in new ways. We’re excited to have Cihan on the team.”
Cihan Biyikoglu, Executive Vice President at RMS said, “Over the last few decades, RMS continues to dominate the market in catastrophe risk modeling. RMS solutions are essential to an industry dependent on data-driven solutions for growth and risk management. I have followed RMS over the years as I worked on numerous big data analytics, cloud and machine learning and artificial intelligence platforms that have disrupted the legacy models. I am excited about the opportunity to shape the future of insurance and risk through combining the core risk skills RMS has with new experiences and solutions to improve the way business is done.”
LONDON – 3 August, 2022 – Covenant Underwriters, the e-commerce insurance program administrator, is using Location Intelligence API from RMS®, a Moody’s Analytics company and world-leading risk modeling and solutions company, to provide real-time premium indications to its clients during the quotation process. RMS Location Intelligence API offers market-leading, high-resolution, location-level hazard, risk, and loss metrics delivered directly into underwriting workflows. Clients using Location Intelligence API benefit from trusted model data to help customize pricing for each policy, helping avoid adverse selection and to provide greater opportunities for dynamic pricing. Location Intelligence API is available in multiple countries and covers key modeled perils like hurricane, flood, earthquake, wildfire, convective storm, and more. Daniel Murray, Chief Underwriter at Covenant Underwriters, said: “Covenant has developed an API-powered rating algorithm that leverages big data and artificial intelligence to produce an instant price indication for any given address. Using an application programming interface (API) to integrate RMS knowledge and insight directly into the Covenant platform, enables our retail brokers to craft the winning terms during the quote process.” Marisa Ruscitto, Managing Director, RMS, said: “The RMS Location Intelligence API enables users to benefit from a competitive advantage with real-time, location-level hazard, risk, and loss metrics. Using these metrics not only helps with risk selection but also pricing, screening, and referrals. As underwriting workflows automate rapidly, an increasing number of industry leaders are adopting real-time underwriting processes and decision-making capability to quickly match risk to capital, and to better support their clients and their business.” About Covenant Underwriters Based in Houston, Texas, Covenant Underwriters develops and administers e-commerce insurance programs that leverage custom forms, cutting-edge technology, and niche underwriting to make specialty insurance easy for retail brokers. Current niche programs include commercial package policies for limited-service hotels and convenience stores with gas stations. Visit Covenant Underwriters for more information.
NEWARK, CA – 19 May, 2022 – RMS®, a Moody's Analytics company and world-leading risk modeling and solutions company, announces it will be launching new global views for acute and chronic perils and their climate change impact. RMS already offers a range of regional peril and climate change models, which support detailed acute physical loss modeling products, as well as data products covering hazard and risk scores, and loss costs for individual locations, across multiple time horizons. RMS climate change models and data products have been welcomed by the market, and allow users to stress test portfolio management, risk mitigation, and adaption strategies. The newly announced global views significantly extend RMS’s peril and climate change impact coverage to provide fully correlated global views of risk, and include event frequency and severity, and analysis for current baseline and future climate views. With these new global views, RMS not only delivers a view of risk for acute peril-specific risks, but also chronic risks such as drought, heat stress, water stress, and sea-level rise. This global peril coverage will enhance RMS’s applications on the Intelligent Risk Platform™ with the Risk Modeler™, ExposureIQ™, TreatyIQ™, SiteIQ™, and UnderwriteIQ™ applications delivering global insights in the future. Michael Steel, General Manager, RMS, said: “We are continuing to see growing demand for risk insights on acute and chronic perils and climate change, from investors and corporations across many industries such as banking, commercial real estate, and insurance. The effects of these risks will unfold over many years and will have many direct and indirect implications for both industry and society. We firmly believe that long-term strategies and decision making can only benefit from detailed and analytical insight into hazard and risk impacts for present and future climates.”