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.
The exposure analytics product gives firms a much clearer view of their risk accumulations to better manage volatility by integrating RMS’ flagship Financial Model, used by its catastrophe models, into Exposure Manager. The integration enables the software to deliver a consistent view of risk across an organization. The Exposed Limit metric produced by Exposure Manager, provides a complementary and consistent perspective to the output generated from risk models. This consistency can help increase a firm’s confidence when submitting modelled and non-modelled numbers to external stakeholders.
RMS has designed the Exposure Manager user interface to be flexible and intuitive and utilize the extensive library of RMS hazard layers to democratize access to its analytics across the firm. Users at all levels of a firm can drill into drivers of loss and build portfolio-level insights. The Exposure Manager product is also designed to strengthen a firm’s response to catastrophe events by enabling teams to identify their affected contracts in the catastrophe-impacted areas via access to RMS and HWIND event footprints.
According to Eric Yau, general manager, RMS Software business, the release of Exposure Manager will be followed next year by its second platform product Risk Modeler.
RMS models and software help financial institutions and public agencies evaluate and manage catastrophe risks throughout the world.
Was this article valuable?
Here are more articles you may enjoy.