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NEWARK, CA – October 03, 2019 – RMS®, a leading global risk modeling and analytics firm, announced the release of RMS HWind forecasting products for the North Atlantic Basin. Available as part of the RMS HWind Real-Time Analysis Solution suite, RMS HWind forecasting products support proactive event response strategies ahead of landfall by delivering five-day forecast track scenarios, hazard footprints, and gust probability analytics every 12-hours once a tropical cyclone has been named.

Jeff Waters, Senior Product Manager of RMS North Atlantic Hurricane Models, said, “Powered by a combination of HWind real-time observational data feeds, real-time track forecast data, and the RMS North Atlantic Hurricane modeling framework, our new forecasting products help the market gain earlier insights into potential hazard and loss impacts before landfall, informing key, time-critical decisions as the event unfolds. Having access to analytics based on real-time data that reflects an accurate range of uncertainty with track scenarios only increases the confidence and reliability in those decisions.”

To test the efficacy of the HWind forecasting products prior to their release, RMS validated them against more than 15 historical storms over more than 15 years. The product suite went live for Hurricane Dorian earlier this season, exhibiting useful insights for the market, particularly when the storm was threatening to make landfall in Florida.

Mark Powell, Founder of HWind and Vice President of Model Development at RMS, said, “Several days before Hurricane Dorian’s closest approach to Florida when industry stakeholders were gearing up for an impending landfall, HWind forecasting products demonstrated an increasing probability of the storm sparing Florida and instead recurving to the north.”

HWind Forecasting Products use proprietary RMS methodology that utilizes 100+ real-time track forecasts across a variety of domestic and international weather forecasting models. Data is combined with HWind analytics and the RMS North Atlantic Hurricane Models framework to produce a suite of representative forecast scenarios every 12 hours once the storm reaches tropical storm intensity or greater. The hazard and corresponding loss analytics associated with each scenario are consistent with how RMS models hurricanes today throughout the North Atlantic Basin.

Collectively, RMS HWind forecasting tools support a user’s ability to understand forecast track, timing, intensity and uncertainty across multiple forecast scenarios up to five days before landfall, including the ability to quantify potential losses for each scenario against exposure(s) at risk.

This new offering is an example of the innovative (re)insurance-critical risk tools delivered by RMS that have garnered industry recognition, such as a recent award at the Reactions North America Re/Insurance Awards in New York on September 28, 2019. For the second year in a row, RMS was named North America Risk Modeler of the Year by market vote and an independent group of industry judges. This award underscores the company’s commitment to remaining a dependable source of guidance for clients, offering them – and the market – advanced, easy-to-access, data and science-based insights.

The award win and the release of RMS HWind forecasting products support the company’s strategic vision to continue offering future-proof risk solutions, purpose-built to support insurance and financial market needs.

Find additional information about the HWind Product Suite at RMS.com.

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LONDON – 26 August, 2022 – AXA Climate, an entity of the AXA Group specializing in climate change adaptation, will include HWind analytics from RMS®, a Moody’s Analytics company and world-leading risk modeling and solutions company, as a trigger metric for its relevant parametric insurance policies. HWind produces real-time data sets for tropical cyclone events, allowing quick evaluation of hurricane trigger/payout conditions, which enables parametric policyholders to gain rapid access to capital following impactful events. RMS HWind solutions offer comprehensive coverage over the Western North Atlantic, Eastern Pacific, and Central Pacific basins. Using RMS HWind helps AXA Climate to be fully flexible as to how and where they structure parametric policies, allowing AXA Climate to reassure their clients that they will quickly receive the protection they paid for when damaging winds are present. Amaury Dufetel, Head of Insurance, AXA Climate, said: “As an Engaged Climate Insurer, we believe the preciseness of sophisticated real-time data is essential to improve the use and uptake of parametric insurance solutions. Data coming from independent reputable organizations like RMS HWind solutions, developed over more than 25 years by one of the world’s leading hurricane observation researchers, will allow us to structure innovative parametric covers and bring to our clients the best tailormade Tropical Cyclone coverage both in terms of price and claim settlement.” Charlotte Acton, Senior Director, RMS, added: “By working closely with AXA Climate, we have been able to help an important client develop innovative products that offer a competitive advantage and can help enable growth into new markets. Parametric insurance is another example of how the insurance industry can help build resilience into economies, which in turn helps reduce the protection gap. RMS remains committed to supporting insurance innovation, in our products, for our clients, and for their end users.”       About AXA Climate AXA Climate is a Committed Climate Insurer: We integrate best-in-class climate expertise and data in all our products. We believe that from this decade onwards, only private and public actors committed to a sustainable transition will be insurable.   Our mission is to reinvent the insurance business to support those engaged in sustainable transitions. We have developed a set of business lines around climate change: parametric insurance against climate risks, climate and nature consulting services, financing and climate training to engage all employees.   We are a team of over 150 collaborators spread across the 5 continents, leveraging the entire AXA ecosystem. Visit https://www.climate.axa/ to learn more and follow us on LinkedIn.

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About RMS

Risk Management Solutions, Inc. (RMS) a Moody's Analytics company, 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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