RMS CONSULTING

We help our clients efficiently and appropriately manage and create value from catastrophe risk.

We do this through risk strategy engagements and designing and implementing high quality and innovative solutions.

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SPOTLIGHT

BLOG

RISK MATURITY BENCHMARK: RIDING THE WAVE OF CHANGE

Helping clients through the evolution of catastrophe modeling is a core mission for RMS Consulting. To assist in the process we have developed a tool called Risk Maturity Benchmarking….

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BLOG

RISK MATURITY BENCHMARK EXAMPLE: IRB Brasil Re

In 2017, RMS conducted a Risk Maturity Benchmarking (RMB) study for IRB Brasil Re – click here to read the full case study, to assist IRB on the implementation of their three-year transformation plan…

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CASE STUDY

IRB IS PARTNERING WITH RMS TO GROW THEIR INTERNATIONAL PRESENCE

IRB Brasil Re has a long history of reinsurance market leadership in Latin America and continues to maintain that position in nine out of its eleven business…

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CASE STUDY

GETTING AHEAD OF THE CURVE ON DATA QUALITY

Securis Investment Partners, a leading insurance linked securities (ILS) manager, is committed to ensuring best-in-class analytics throughout the business. As part of this, the private non-life…

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OUR EXPERIENCE

Years of industry experience

RMS Consulting have more experience of advising clients in catastrophe modeling operations, than any other consulting firm. We have worked with over 350 of the world’s largest insurers, reinsurers, and brokers over the last 8 years and have experts in consulting, engineering, meteorology, software development, software implementation, and program management. We also have direct access to the RMS model development and software teams and have a unique understanding of RMS IP.

OUR OFFERINGS

RISK STRATEGY

We use proprietary analytics to develop actionable recommendations that help you overcome existing challenges and increase business value. We look beyond RMS solutions at all aspects of creating a best practice catastrophe risk function.

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MODEL CONSULTING

We provide analysis and guidance on the best use of RMS model IP, including embedding model output successfully in your workflow, best practice model validation and how to customize the models to the specific business that you write.

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SOLUTION ASSESSMENT

We help design the right RMS solution to meet your business objectives, leveraging RMS data, models, software and services, including scoping out of any custom development and integration to unlock differentiated value.

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PRODUCTION IMPLEMENTATION

We help our clients to successfully put RMS Software into production usage. This includes data migration, configuration, custom development, integration, and change management.

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We start by gaining a deep understanding of your specific business priorities, challenges and constraints, and then through detailed analysis provide recommendations for improvement. We help our clients:

  • Improve efficiency of their modeling processes
  • Successfully adopt RMS data, models and software
  • Get greater insight into the catastrophe risk in their book
  • Develop best practice catastrophe modeling operations
  • Benchmark existing operations against peers
  • Maximize the value they get from catastrophe data and analytics
  • Prioritize investment to where it will have the most business impact

 

SOLUTION ASSESSMENT

Based on your requirements, we work closely with you to develop the right solution across RMS data, models, software and services. We then create an adoption path that is realistic, achievable, and helps drive measurable improvements in your business. We have designed solutions that help our clients:

  • Automate existing workflows to improve efficiency
  • Improve exposure management
  • Efficiently roll-up large books of reinsurance
  • Embed catastrophe modeling analytics in the underwriting workflow to price more accurately

 

We provide analysis and guidance on how to get the most value from the RMS model IP and successfully implement it in your workflow. Recent engagements have helped our clients to:

  • Understand their exposure to silent cyber risk
  • Develop a best practice model validation framework
  • Create a custom view of risk based on specific types of business being written
  • Analyze claims and use this to develop differentiated pricing
  • Develop advanced metrics for underwriting and managing risk

 

CAT MODELS

LIFE AND HEALTH

We use a best practice approach to ensure that RMS software and other IP are successfully implemented into your workflow in order to achieve the agreed business outcome. We provide end to end implementation services and also offer a safeguarding service if you want to carry out implementation yourself or using a third party. Benefits of working with RMS Consulting include:

  • Knowledge of RMS solutions increases the likelihood of project success
  • Experience of implementing similar solutions leads to faster software deployment or implementation
  • Access to the RMS implementation toolkit to reduce development effort
  • Experience of delivering custom components to help differentiate your business
  • Direct access to RMS model and software experts to help develop bespoke solutions and troubleshoot any issues

 

DEPLOYMENT

IMPLEMENTATION

FOR MORE INFORMATION PLEASE CONTACT US

Headquarters

Silicon Valley, CA

7575 Gateway Blvd.

Newark, CA 94560

Tel: 1.510.505.2500

Fax: 1.510.505.2501

Consulting Inquiries

rmsconsulting@rms.com