Risks and exposures change over time. Deploy advanced modeling techniques to quantify and reduce risk today, saving money and lives tomorrow.
Building Community Preparedness
The impact felt from natural and man-made disaster varies globally. Leverage science and enhanced data to implement mitigation, preparedness, response, and recovery strategies.
Quantifying Impacts of Climate Change
RMS models can help answer challenging questions on the changes in frequency and severity of human and economic impacts and how they relate to climate change.
Data Where It Really Matters
Deeper location insights at the point of decision-making leads to a more profitable business. In today’s challenging market conditions, access to quality data has never been more important.
Hazard Mitigation Planning
State, tribal and local governments across the U.S. are tasked by FEMA with “breaking the cycle of disaster damage, reconstruction and repeated damage” through eﬀective mitigation planning. To break this cycle, emergency planners need access to accurate exposure information and hazard-speciﬁc coverage data that reveals the direct impact of key hazards on their communities.
Mitigation and Resilience
Federal, state, and local governments are facing growing pressure to protect communities at a time when disasters are increasing in frequency and severity. To maximize the effectiveness of planning, mitigation, and resiliency capabilities within limited budgets, high-resolution risk data on both hazard and impact is vital.
Assess a location’s risk to multiple perils and key third-party insights in seconds with this application.
Location Intelligence API
Gain better underwriting perspective with instant access to the world’s best catastrophe insights.
Tap into insights on conditions, circumstances, or situations that make a loss more likely to inform underwriting decisions.
Improve underwriting decision-making for catastrophe-exposed business with an easy-to-use and highly configurable online application tailored for underwriters.
Optimizing Risk Management at the National Level
RMS helped a U.S. federal agency with two analyses to inform investment decisions for infrastructure assets, taking into account potential shocks and stresses. The first examined disruption to imports and exports across the U.S. port network due to prolonged downtime after catastrophic events. The second analysis developed a top-down economic model that quantified the risk from catastrophic events in terms of net GDP. This work now helps the Government contextualize individual clusters of infrastructure against national levels of resilience, rank resilience opportunities, and prioritize investments with local and regional asset owners. RMS delivered the technical frameworks within six months, breaking a design logjam that had existed since 1999. The federal agency department now has the modeling capability to quickly quantify the benefit of implementing specified resilience measures and show how to respond most effectively to shocks so, that communities and economies bounce back more quickly to reduce the risk to life, livelihood, and shelter.
Quantifying the Economic Impact of Climate Change on Coastal Communities
Low-lying communities on the East Coast of the U.S. want to invest in effective, efficient risk mitigation infrastructure against tidal flooding, severe rainfall, and storm-driven surges. RMS worked closely with one coastal county to first compile a detailed database of assets exposed to flooding, and subsequently quantified the potential financial impact of flooding at today’s sea level and against future sea level rise and mitigation assumptions. RMS insights enabled the county to objectively compare the effectiveness of different mitigation options in order to develop a mitigation strategy tailored to their local needs and resources with a compelling business case on the economic value of investments in flood mitigation. RMS also continues to support the county by providing actionable insights into the financial impacts of flood risk and climate change based on the latest modeling science.
Quantifying the Cost of Inaction in the Face of Sea Level Rise
For a major U.S. West Coast city, RMS was approached to help quantify the economic cost of climate change, specifically the cost of risk to sea level rise under various possible future scenarios, to help prioritize and cost-justify potential resilience-building initiatives. RMS compiled a building-level exposure dataset for privately-owned properties to understand the assets at risk and looked at how sea-level rise could affect the mean sea level to quantify the risk, as well as the height reached by extreme future surges. RMS built inundation footprints for these scenarios in order to determine estimates of how many billions of dollars’ worth of property would be permanently lost to sea level rise. The results were used by city hall as estimates for the "cost of inaction", which have begun to inform resilience-building policy directives. RMS continues as a trusted advisor on issues of economic resilience to extremes.
Ensuring Resilience to Storm Surge of New Developments Along the Hudson
The creation and success of a new development involving hundreds of new homes and business spaces along the Hudson River critically depended on its resilience to storm surges, and the impact the development would have on surge risk posed to neighboring areas. A local development agency approached RMS for an objective, expert analysis that it could use to inform and ultimately optimize its coastal protection options in concert with its planned redevelopment projects. RMS conducted a probabilistic risk analysis of the area and its surroundings for different development options, enabling the city to objectively compare the cost-benefit of available alternatives. The results empowered the city to not only confidently justify the investment in the final design, but also effectively address stakeholder concerns around surge risk associated with the development.
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