Manage Uncertainty With Comprehensive Risk Insights
The past three years have been challenging for property insurance. The number of catastrophic events continues to grow. Their severity is increasing. The impacts are becoming more pervasive. And the losses are multiplying. In a highly competitive insurance industry with lower returns on investment, markets are consolidating and margins are shrinking.
As a result, companies with traditional business models and infrastructure will have little choice but to adapt. It’s now more vital than ever to reinvent businesses by using technology, people, and processes to fundamentally change business performance and make your company more resilient.
High Quality Catastrophe Models Make All the Difference
In the face of uncertainty, advanced catastrophe modeling is indispensable. Get better data. Gain more confidence. Discover how science and curiosity drives RMS to get closer to the risk data to provide better insights for our customers.
Watch Mohsen Rahnama, PhD, CRMO, and EVP of RMS Model Development, discuss the art of building the best models in our Models, Experts, and Coffee series.Learn More About Catastrophe Modeling
Risk Insights for Tomorrow’s (Re)Insurers
Be forward thinking and future ready. Rethink how you use technology, people, and processes to powerfully improve your business performance. Digital transformation is at the heart of advancing operations and opening new business possibilities.
Tap Into the RMS Advantage
Prepare your teams with intensive data, state-of-the-art models, preeminent risk experts, and coverage that spans the entire globe. Whether you’re an insurer, reinsurer, or broker, RMS has the vision, ability, and commitment to help you maximize your investments in a world of escalating risk.
Discover how RMS helps customers outperform and prepare for tomorrow.
Get Insights From the Forefront
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Insurance: The next 10 years
Mohsen Rahnama, Cihan Biyikoglu and Moe Khosravy of RMS look to 2029, consider the changes the (re)insurance industry will have undergone and explain why all roads lead to a platform Over the last 30 years, catastrophe models have become an integral part of the insurance industry for portfolio risk management. During this time, the RMS model suite has evolved and expanded from the initial IRAS model — which covered California earthquake — to a…
This Changes Everything
At this year’s Exceedance®, RMS explored the key forces currently disrupting the industry, from technology, data analytics and the cloud through to rising extremes of catastrophic events like the pandemic and climate change. This coupling of technological and environmental disruption represents a true inflection point for the industry. EXPOSURE asked six experts across RMS for their views on why they believe these forces will change everything Cloud Computing…
The Data Difference
The value of data as a driver of business decisions has grown exponentially as the importance of generating sustainable underwriting profit becomes the primary focus for companies in response to recent diminished investment yields. Increased risk selection scrutiny is more important than ever to maintain underwriting margins. High-caliber, insightful risk data is critical for the data analytics that support each risk decision The insurance industry is in a…
A Solution Shared
The Risk Data Open Standard is now available, and active industry collaboration is essential for achieving wide-scale interoperability objectives On January 31, the first version of the Risk Data Open Standard™ (RDOS) was made available to the risk community and the public on the GitHub platform. The RDOS is an “open” standard because it is available with no fees or royalties and anyone can review, download, contribute to or leverage the RDOS…
The Future of Risk Management
(Re)insuring new and emerging risks requires data and, ideally, a historical loss record upon which to manage an exposure. But what does the future of risk management look like when so many of these exposures are intangible or unexpected? Sudden and dramatic breakdowns become more likely in a highly interconnected and increasingly polarized world, warns the “Global Risks Report 2019” from the World Economic Forum (WEF). “Firms should focus as much on…
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