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RMS helps organizations benefit from high-quality analytical intelligence across all aspects of catastrophe modeling and risk management, using the latest data and models along with robust, automated, and scalable processes and deep industry expertise.
Analytical Services Overview
Whether you are a start-up looking to build analytics capabilities or a global organization expanding your business, our RMS Analytical Services team with over 350 analysts can add a whole new dimension to your operations.
Speed to Market
Automated workflows and a large resource pool offer you the ability to operationalize your business faster without having to invest significant sums in building the capability.
Process Efficiency
Through economies of scale and the latest in automation technology, you can establish faster and more integrated underwriting processes.
Operating Flexibility
Provides scalability to increase (or even decrease) modelling capacity and multiple engagement options based on the business needs.
Offerings
RMS Analytical Services provides expertise in identifying, quantifying, reporting, and managing catastrophe risk from point of underwriting to portfolio-level analysis, along with regulatory reporting and bespoke analytics.
Exposure Data Enrichment
Exposure data is standardized, enhanced, and validated to the highest quality for inclusion in policy administration systems, risk model analysis, and portfolio modeling and management. With over a decade of experience, our analysts enhance data quality to ensure a more accurate risk assessment, and the scale of operation enables them to deliver faster turnarounds.
Account and Cedant Modeling
Comprehensive account and cedant modeling service for a superior risk selection that includes expert policy financial interpretation and application, model analyses with defined peril-region configurations, and customized exposure and loss reporting.
Portfolio Modeling
Live book of business is prepared from the bound accounts and analyzed to provide an in-depth view into the portfolio to help manage your cat capacity and accumulation. You can leverage the latest RMS models with customized risk assessment reports and expert insights through portfolio modelling.
Regulatory Reporting
Regulatory and management reporting solutions are provided through a dedicated team of analysts with experience across market geographies and jurisdictions, including A.M. Best Supplemental Rating Questionnaire (SRQ), Lloyd’s Realistic Disaster Scenarios (RDS), GAREAT, TRIPRA, PRA, BMA and more.
Bespoke Analytics
A variety of value-added analyses on live book is provided for enhanced decision-making. You can customize their view of risk through sensitivity analyses to understand impact of varying parameters on model output, assess the potential loss from an event in real time, undertake large loss assessments and much more.
Underwriting Operations
Policy documents are interpreted, and relevant information captured in your underwriting platform. Our scalable process can update hundreds of fields for each risk across multiple business lines, freeing up significant bandwidth of underwriters. These services encompass premium and claim reconciliation in addition to policy administration and endorsement capture.
Engagement Models
Subscription Services
An annual or multiyear contract with a defined volume commitment, where a dedicated team of analysts support your underwriting and exposure management teams.
Ideal for capacity expansion or outsourcing of exposure management and underwriting operations with a long medium to long term view.
On-Demand Services
A one-time project to support your specific needs. It can also be structured as a set of bank-hours that you can utilize to receive on-demand services for ad hoc work during the contract period.
Ideal for one-off requirement to evaluate new or non-licensed models, a new line of business or portfolio, a large exposure or expand capacity during peak periods.
Analyst Down the Hall
Deploy in your team experienced catastrophe modeling analysts with deep (re)insurance knowledge spanning across lines of business, regions, and perils.
Ideal for expanding capacity during peak periods or providing support on day-to-day activities during the absence of a key staff member.
Spotlight
North American Insurer
This leading specialty property and casualty insurer underwrites and services over US$600 million of commercial and personal insurance. RMS helped the client scale up and apply cat modeling best practices for licensed perils that achieved positive business outcomes.
RMS Analytical Services is a key team member as we grow and manage the complexities of our portfolio. The key business value is consistency and accuracy.
European Insurer
This global general U.K. insurer offers customized solutions to large corporations, including specialty risk such as marine cargo and engineering. RMS modeled all levels of detail required for portfolio risk management and provided a consistent view of risk to ensure improved business outcomes.
In terms of catastrophe response capabilities, knowing that we’re able to report our latest position has made a big difference.
Large, Global Reinsurer
This global reinsurer deals with multiple classes of reinsurance business, including property, casualty, marine, and energy. RMS increased client capacity to handle tight turnarounds, supported rapid global reinsurance growth with regular roll-ups across all business units, and established best practices.
The Analytical Services team is always very helpful and responsive when dealing with our questions. Our experience continues to be excellent.
Resources
A Granular Understanding of Linear Risks Through Detailed Exposure Segmentation
How RMS Analytical Services enabled a Lloyd’s-based insurer to zero in on the many exposures contained in a rail-network submission, to support more accurate pricing and risk syndication.
Applying Specialized Risk Treatment to a Solar Farm
How RMS Analytical Services enabled a broker to generate a more accurate and complete view of risk for a large-scale solar power plant, leading to a 230 percent change in flood loss estimate.
Enhanced View of Risk Through Data Validation and Enrichment
How RMS Analytical Services conducted an extensive data enrichment process for leading global MGA
RMS Analytical Services
Learn how you can extend your catastrophe modeling team with RMS Analytical Services.
RMS Data for Underwriting
Carriers want to write better risks, reduce underwriting frictional expense, and build consistency within their portfolios. RMS® Data for Underwriting is a rapidly expanding suite of data delivered instantly at the point of underwriting.
Analytical Services
Beat capacity constraints and boost productivity with RMS Analytical Services.
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