As Moody’s RMS continues to advance the RMS Intelligent Risk Platform™ (IRP), the open, modular, and cloud-native digital foundation for RMS models, data, applications, and unified risk analytics, the flexibility offered by the platform allows us to introduce and roll out innovative new products to the market.
New collaborative applications added to the IRP benefit from the platform’s robust risk analytics and in-depth risk data, as the IRP brings together a trusted data repository, and open application programming interfaces (APIs) to help deliver better business outcomes.
This month we are excited to announce the launch of Moody’s RMS TreatyIQ™, a brand new treaty underwriting application as well as Moody’s Climate on Demand version 2, which provides financial services firms with a forward-looking view of an asset’s exposure to a range of physical climate risks.
TreatyIQ is an application built for reinsurance underwriters looking for deep treaty program pricing and analytics. With advanced financial modeling and flexible pricing formulas including marginal impact, combined ratio, and return on capital, the application empowers underwriters to make more discerning risk selection decisions for improved portfolio performance.
TreatyIQ offers game-changing portfolio roll-up performance for monitoring risk positions and analyzing risk drivers, to speed up workflows, reduce costs, and improve technical pricing and profitability using real-time analytics.
As an application on the IRP, TreatyIQ works alongside other applications including Risk Modeler™ and ExposureIQ™, which all share the same platform engines (e.g. financial engine) and a unified data store, resulting in exposure data, model updates, event response data, business hierarchies, and portfolio structures being available across all applications.
The benefits of users collaborating using the IRP applications include:
Learn more about TreatyIQ.
Moody’s Climate on Demand Migrates to the Intelligent Risk Platform
The new version 2 represents a major update that now combines RMS’s long-standing expertise in climate science, engineering, and financial modeling, and incorporates RMS flood hazard into the application’s risk-scoring methodology.
This version lays the foundation for updates later this year that will include new ‘Impact Scores’ and ‘Financial Loss Metrics’ to provide more detailed insights into the cost of climate change, whether it is from damage to assets, business interruption, reduced productivity or increased running costs
The Climate on Demand migration to the IRP will also deliver significant value to existing and new customers alike, as the platform supports built-in compliance for industry-recognized requirements such as GDPR, SOC 1 and SOC 2, ISO 27001, and C5 as well as service level agreements (SLAs) that provide higher uptime for applications.
To stay up-to-date on new developments for Climate on Demand, you can visit the Climate on Demand site here or check out our latest blogs:
Join our IQ Application Preview Programs
Have you signed up for the IQ Application Preview Program? We are looking for clients who would like to provide feedback on some of our new RMS underwriting solutions, including a preview program to test our RMS UnderwriteIQ™ application and Business Hierarchies in RMS ExposureIQ™.
If you join the program, you’ll have the opportunity to test and influence the roadmap for the following solutions:
A cloud-native and collaborative underwriting analytics solution, it is fully integrated with Risk Modeler to help you understand the marginal impact on your portfolio and other Intelligent Risk Platform applications.
Backed by the sophisticated RMS financial model, customers will soon be able to apply complex inward and outward reinsurance structures for a true view of net reinsurance right up to the group level.
Over the next couple of weeks, customers will have the opportunity to preview these applications for feedback. If you are interested, please contact email@example.com.
For additional information on Risk Modeler, ExposureIQ, or any of the IQ applications on the IRP, please visit the Intelligent Risk Platform webpages. You can also access release notes on Support Center, Moody’s RMS client support portal.