U.S. WILDFIRE HIGH definition (HD) ModelManaging Severe Wildfire Risk for Today’s New (ab)Normal
Offering the latest science and analytics for deep insight into a growing catastrophe risk
Yesterday’s Wildfire Tools Are No Longer Enough
Are your current tools using the latest science to estimate the damages of embers and smoke? Are you looking for greater coverage across the contiguous U.S.? Are you worried about outdated predictions and increased losses in the next wildfire season?
Climate change is transforming reality, making the past no longer a blue print for the future. If you’re using historical models for your business, you’re driving down the road without a roadmap to effectively identify and manage today’s risk.
The U.S. Wildfire HD Model meets the needs for today’s changing wildfire regime. Using the latest data and analytics, the models provide a more granular and comprehensive approach to portfolio management, underwriting, and risk transfer to address today’s evolving risk levels.
Solutions Designed to Meet Your Specific Needs
I'M AN UNDERWRITER
“I want a comprehensive tool for assessing wildfire hazard that lets me easily differentiate risk at the point of underwriting”
RMS provides high resolution insights on hazard, and loss cost to help you avoid adverse selection and maximize underwriting profitability.
I’M A RISK MANAGER
“I want an easier and more intuitive way to see how wildfires can damage my business and to see what a worst-case scenario looks like.”
The RMS suite of Wildfire solutions can greatly inform your risk transfer decisions and help prioritize your safety and mitigation spend.
I’M A CAT MODELER
“I want the best science in my fire models that granularly incorporate surface fuels, topography, weather conditions, moisture, and fire suppression.”
The RMS U.S. Wildfire HD Model utilizes state-of-the-science fire ignition spread and suppression approaches to help you understand the sensitivity of risk to different terrains, structural characteristics, and climate regimes.
I’M A PORTFOLIO MANAGER
“I want to quickly assess opportunities and growth areas to build a diversified coast-to-coast portfolio while confidently managing my capital.”
The RMS U.S. Wildfire HD Model enables you to isolate the true drivers of risk to any portfolio that guides decisions on risk appetites and growth in today’s changing wildfire risk landscape.
I’M AN ILS INVESTOR
“I want to understand the risk posed by wildfire to ensure there are no surprises when including wildfire risk within a CAT bond.”
The RMS U.S Wildfire HD Model can provide industry-standard loss metrics for wildfire, similar to the metrics you expect from any other modeled peril.
I’M A CORPORATE CLIENT
“I want to know how wildfire could affect our business – whether it is our employees, locations, supply chain, our operations, and the wider financial implications on our capital and investment decisions.”
The RMS U.S. Wildfire HD Model helps to benchmark the wildfire risk to your business, and calculate the benefits of taking mitigation actions.
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The new realities
- More development in fire-prone areas
- Climate change increasing fire frequency and severity
- Twentieth century fire suppression has increased burnable vegetation
- Increased economic costs
california’s 2018 wildfires
a comprehensive model solution coupled with efficient workflows and advanced analytics
RMS U.S. Wildfire HD Model offers new growth opportunities by quantifying frequency and severity of wildfire risk beyond simple fuel and map-based techniques around the wildland-urban interface.
A better probability-driven understanding of heat and smoke damage, mitigation impacts, and structural vulnerability to intelligently price individual locations and portfolios.
Where is the next wildfire?
BUILT IN PARTNERSHIP WITH THE TOP WILDFIRE WRITERS & EXPERTS
Insurance Institute for Business & Home Safety (IBHS)
“IBHS is proud to have partnered with RMS in their development of a wildfire solution that includes relevant risk factors like explicit ember modeling while also capturing the latest data from the 2017 and 2018 wildfire seasons. The RMS Wildfire model is an important tool towards ensuring that wildfire risk can be confidently understood across the (re)insurance industry.”
Anne D. Cope, Ph.D., P.E., Chief Engineer
The California Fair Access to Insurance Requirements (“FAIR”) Plan
“With the increasing number of severe wildfires in the U.S., understanding the impact of fire mitigation has never been more important. We’re hopeful that our collaboration with RMS in the development of their wildfire model will enable better industry data collection practices and a more active focus on home fire safety.”
Anneliese Jivan, President
2018 NORTH AMERICA RISK MODELER OF THE YEAR PRESS RELEASE
Better Strategies Needed for a Growing Catastrophe Risk
What will the 2019 wildfire season bring across the United States? Across the United States, around eight and a half million acres burned in 2018, nearly three times the annual average during the 1980s and 1990s
Wildfire in Multi-Peril Catastrophe Bonds
Water, wind, and wildfire. It’s been a devastating three months for the U.S. Total insured losses from Hurricanes Florence and Michael, and the Camp and Woolsey wildfires are estimated by RMS in the range US$18.6 billion to US$28 billion (see table below)
Camp and Woolsey Fires: A Historical and Numerical Perspective
At the time of writing, the recent Camp and Woolsey Fires in California have burned a combined total of 245,000 acres (93,000 hectares) — an area about the size of Dallas. These fires have destroyed more than 12,000 homes and businesses
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Silicon Valley, CA
7575 Gateway Blvd.
Newark, CA 94560