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Insurance Solutions

Formerly Moody’s RMS

NEWARK, CA – June 30, 2021 –  RMS®, the world’s leading catastrophe risk solutions company, and the Saudi Reinsurance Company (Saudi Re) announce a new agreement, with Saudi Re adopting RMS models and services for a more comprehensive view across the Asian market. The agreement will enable Saudi Re to enhance risk analysis across multiple geographies including India, China, and the Philippines.

Saudi Re continues to grow its activities and client base in the Asian market, and is further enhancing its ‘in-house’ capability of assessing risks particularly in this expanding region.

“Our clients know and expect the best insights, service and quality from Saudi Re,” said Fahad Al-Hesni, MD-CEO at Saudi Re. “The new agreement with RMS will help ensure the continued delivery of these standards, through applied use of leading science and technology. Being the first to acquire RMS models in the Saudi and Gulf Cooperation Council (re)insurance market, we expect that our use of RMS models will increase value, and ultimately profitability, to all our global clients when managing their risk.”

RMS EVP Client Development Pat McCarthy said, “We are honored to be working with Saudi Re. With this deal, the reinsurance and insurance markets in the Middle East and Saudi Arabia are able to take full advantage of the latest science and technology to help navigate the evolving risk landscape. Our continued investment in our models and services aims to give Saudi Re full confidence that they will be in the best position to proactively support their own clients and goals.”

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About Saudi Re

Saudi Reinsurance Company "Saudi Re" is a Saudi joint stock company, founded in Riyadh in 2008 as the first reinsurance company established in Saudi Arabia.

With offices in Riyadh (Saudi Arabia) and Kuala Lumpur (Malaysia), Saudi Re is one of the MENA regions leading reinsurers and has a diversified global portfolio which expands over 40 countries across the Middle East, Asia, and Africa. Saudi Re is A3 rated by Moody’s with a stable outlook.

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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
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