Risk Maturity Index
Our proprietary risk maturity index helps clients understand their existing maturity relative to peers and guides improvement efforts.
We identify how RMS models, software, data, and services offer a solution, including an implementation plan, as well as the benefits and costs of transformation.
Portfolio Risk Review
By modeling the current book of business, we identify areas of concern or opportunities to support underwriting and business planning decisions.
Industry Segment Assessment
By assessing and benchmarking an industry that you are evaluating, we help identify any systemic issues and provide recommendations to improve the maturity of specific companies and the entire industry.
Initiating Risk Management
This initial assessment of exposure data, its impact on modeling, and recommendations for data collection and coding provide an understanding of portfolio risk and what is driving it. With clearer perspective, we help support more informed underwriting and business planning decisions.
We review your system architecture, workflows, integration, and data entry processes to assess areas where we could integrate, automate, or outsource existing tasks to reduce costs or improve efficiencies.
Ratings and Guidelines
By assessing current rating zones and underwriting guidelines, we can provide advice on improvements, including revised model-informed rating tables and underwriting guidelines to improve profitability for cat-exposed risks.
Risk Maturity Benchmarking Example: IRB Brasil Re
In our previous blog post, we reviewed how RMS has developed Risk Maturity Benchmarking, a tool to help clients understand their current processes and maturity and create a blueprint for improvement tied to their business strategy. 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. …
Risk Strategy Services
Helping cat risk managers to improve performance, increase resilience, and drive responsible growth
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Risk Maturity Benchmarking: 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, which we’ll introduce below, that helps our customers do this. Secondly, we will review an example where we have applied this framework with a client to create their own target operating model for catastrophe risk. I don’t believe we would have achieved what we have if we had…
Identify Issues and Opportunities for Growth