RMS News

RMS Peru Earthquake Model and Actuaries Climate Index Are Launched

RMS and a group of actuarial societies each rolled out new products designed to respectively help measure risks related to earthquake and weather events. In RMS’ case, the catastrophe modeling firm gained regulatory approval in Peru to start marketing its …

Hurricane Nicole Weakens After Direct Bermuda Hit; Storm Trackers Comment

Hurricane Nicole made a direct hit on Bermuda Thursday as the strongest hurricane to affect the Atlantic archipelago in 13 years, according to a report issued by Weather Underground. The storm’s impact on Bermuda has now ended, with the exception …

Super Typhoon Meranti Batters Taiwan: Risk Modelers AIR, RMS Assess Impact

Super Typhoon Meranti delivered very strong wind, high storm surge, and flooding precipitation to southern Taiwan as it passed through Luzon Strait near noon local time Wednesday. According to catastrophe modeling firm AIR Worldwide, the strongest storm in the world …

RMS Launches New Exposure Management Program on RMS Platform

RMS has launched a new exposure analytics product aimed at helping insurance reinsurance companies maximize value from their exposure data. The new Exposure Manager released on the RMS(one) platform, is now available to all insurance and reinsurance firms and brokers. …

Italy Quakes Could Lead to Limited Insured Losses: RMS & AIR Worldwide

Damage from the earthquake that struck central Italy on Aug. 24 and the subsequent aftershocks that followed is still being assessed. But RMS asserts that insurance losses will be limited because of property values and the lack of coverage. “A …

RMS Releases Suite of Europe Inland Flood Risk Data to Open U/W Opportunities

RMS, the Newark, Calif.-based catastrophe risk management firm, has released a suite of Europe inland flood hazard data products. Describing the release as “the highest resolution view of the risk available on the market,” RMS said the data products include …

RMS: Flood Insurance Uptake Low in Areas Hit Hardest by Louisiana Flooding

Calling the recent flooding event in Louisiana one of the most significant natural disasters in the United States, catastrophe modelling firm RMS said flood insurance participation is low in the parishes most affected by floods. Flooding since Aug. 11 has been particularly …

Ports in Japan, China and U.S. Face Highest Risk from Natural Catastrophes: RMS

Ports in Japan, China and the U.S. face the greatest financial risk from natural disasters because of their vulnerable locations and increasing cargo volumes, a risk-management firm said. Nagoya, Japan, leads all ports with a potential $2.3 billion cost to …

RMS Updates Cat Models for Terrorism, Europe Windstorm & US Flood

Global catastrophe risk management firm RMS has released version 16.0 of its catastrophe modeling platform, which includes updates to both the Europe Windstorm Clustering Model and Terrorism Modeling suite. Also included are the new Marine Cargo & Specie Model and …

RMS Opens New Office in Tallahassee, Florida

RMS, a global catastrophe risk management firm, has opened a new office in Tallahassee, Florida after the acquisition of HWIND Scientific in October 2015. According to a statement from RMS, the new Florida office gives it better access to the …