logo image

Insurance Solutions

Formerly Moody’s RMS

NEWARK, CA – June 28, 2019 RMS®, a leading global risk modeling and analytics firm, announced the availability of two transformative data solutions hosted on RMS Risk Intelligence (RI), its strategic risk platform. Expanding on its suite of strategic risk products, these solutions employ sophisticated RMS models and rich data layers built into the RMS platform. With growing pressure to make critical underwriting decisions quickly, speed and precision is everything. RMS Location Intelligence API and the SiteIQ application enable primary underwriters to quickly gain a deeper understanding of all hazards facing any property in their global portfolio, providing confidence and accuracy in risk-based decision making, with just a few key strokes.

“Rich, comprehensive analytics used by top global (re)insurers to place billion-dollar bets on cat risk never made their way to the primary underwriting desk. That changes today,” said Chris Folkman, Senior Director, RMS Model Product Management, “Whether it’s for hurricane or wildfire risk, flood zones or building attributes, through the RMS suite of data solutions, underwriters can decline or cede risks that don’t meet their risk appetite, price more accurately, and avoid adverse selection.”

Superior Data Service For Comprehensive Location Risk Metrics

When there is insufficient time to run catastrophe risk models, the RMS Location Intelligence API rapidly delivers underwriters with granular, location-specific information compiled from big data simulations of catastrophic events. RMS has released an expansive data offering; the API delivers the latest model science from across the RMS Model Suite. Now, underwriters can tackle competitive risk selection and price accordingly for risk across U.S. wildfire, flood, tropical cyclones, and earthquake. Linking into insurers’ underwriting systems, this API facilitates instant access to the most sophisticated hazard, exposure and loss data derived from RMS best-in-class modeling.

Application For Site-Specific Hazard Scores, Risk Scores And Loss Costs

SiteIQ allows underwriters to simply enter the address of a specific location for instant hazard scores, risk scores, and loss costs, as well as view high resolution hazard maps; enabling users to assess single risks in the context of their current portfolio. The intuitive application draws on rich data and model science accessed directly from the RMS Location Intelligence API and can integrate key third-party data allowing users to view information such as crime scores or fire protection. Entire accounts or portfolios can be imported to SiteIQ, with the application allowing hazard scores to be viewed for multiple locations. This allows users to quickly identify any outliers, moving their focus to the most important or hazardous risks.

Karen White, CEO of RMS, said: “We have listened to the market, and to our clients. We know that there are times when full in-depth analysis is essential and there are times when immediacy of information is paramount. With our expanding suite of data solutions, a consistent and superior view of risk from underwriting up to portfolio management is now possible. RMS Location Intelligence API and SiteIQ can deliver immediate results at the times when they are needed the most for our clients.”

More information on our new data solutions is available below can be found here on the Location Intelligence API and SiteIQ.

Related Resources
January 12, 2024
Moody’s RMS Estimates Total Insured Losses from Noto Peninsula, Japan Earthquake Will Likely Range Between JPY ¥ 435 Billion to ¥ 870 Billion (US$3 Billion to US$6 Billion)
Read More
November 21, 2023
Redline Underwriting Adopts Moody’s RMS Risk Modeler Application on the Intelligent Risk Platform
Read More
Hong Kong
November 20, 2023
Taiping Reinsurance and Taiping Reinsurance Brokers Adopt Moody’s RMS Risk Modeler to Accelerate Risk Modeling Processes
Read More
About Moody's RMS

Moody’s RMS shapes the world’s view of risk for insurers, reinsurers, financial services organizations, and the public sector, with Moody’s RMS models underlying the nearly $2 trillion USD Property & Casualty industry. Moody’s RMS empowers organizations to evaluate and manage global risk from natural and man-made catastrophes, including hurricanes, earthquakes, floods, climate change, cyber, and pandemics.

Moody’s RMS helped pioneer the catastrophe risk industry, and continues to lead in innovation, unmatched science, technology, and 300+ catastrophe risk models. Organizations can address the risks of tomorrow with the Intelligent Risk Platform™, the only open cloud with collaborative applications and unified analytics that can power risk management excellence.

Further supporting the industry’s transition to modern risk management, in 2020, Moody’s 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.

In 2021, Moody’s Corporation acquired Risk Management Solutions, Inc. and as part of Moody’s Analytics, Moody’s RMS serves the P&C insurance industry as the leading provider of expertise, science, and technology in integrated risk. A trusted solutions partner, Moody’s RMS enables 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.

© 2023 Risk Management Solutions, Inc. and/or its affiliates and licensors (“Moody’s RMS”). All rights reserved. All names, logos, and icons identifying Moody’s RMS and/or its products and services are trademarks of Risk Management Solutions, Inc. and/or its licensors or affiliates. Third-party trademarks referenced herein are the property of their respective owners.

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
cta image

Subscribe to Our Newsletter

close button
Overlay Image
Video Title

Thank You

You’ll be contacted by an Moody's RMS specialist shortly.