RMS News

Getting the Measure of Inflation for the (Re)insurance Industry

This content was recently published in the Blogs section of RMS’ website. It is republished here with permission. Since the early days of the COVID-19 pandemic, inflationary trends have captured news headlines around the world. Starting with the pandemic, by …

What Factors Could Drive Northern Hemisphere Tropical Cyclone Risk This Season?

This content was recently published in the Blogs section of RMS’ website. It is republished here with permission. With June 1 heralding the official start of the 2022 North Atlantic hurricane season, Tropical Storm Alex already on the scoreboard, and …

North Atlantic Hurricane Season Begins With Ripe Conditions for Above-Average Activity

As the North Atlantic hurricane season begins officially today, forecasters continue to predict above-average storm activity. The pre-season forecast update for North Atlantic hurricane activity still predicts 18 named storms, eight hurricanes and four major (Category 3 and above) hurricanes, …

RMS Promotes Steel to General Manager, Succeeding White

RMS, the Newark, Calif.-based risk modeling company, announced that Michael Steel has been appointed to its top leadership position of general manager. Steel succeeds Karen White, who has recently stepped down following the completion of the Moody’s acquisition. With more …

Secondary Perils Responsible for Growing Share of Disaster Claims: RMS

Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled characteristics of disasters, which are altering the industry’s understanding of these risks, according to a report published by RMS. “Secondary …

Insured Losses From February’s Windstorms in Europe Could Reach €4.5 Billion: RMS

Insured losses from February’s windstorms Dudley and Eunice will likely fall between 3.0 and 4.5 billion Euro (US$3.4 and US$5.1 billion), with Germany accounting for around 40% of the total loss, according to risk modeling firm RMS. In addition to …

Global Life Insurers Adapt Pandemic Risk Models After Unexpected Jump in Claims

A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the scenarios life insurers are predicting after COVID-19 claims jumped more than expected in 2021. The global life insurance industry was …

RMS Working with Canopius to Enhance Climate Change Risk Analysis with RMS Climate Change Models

LONDON – 13th December, 2021 – RMS, the world’s leading catastrophe risk solutions company, is working with leading global specialty (re)insurer Canopius to develop and enhance Canopius’ climate change risk analysis with the adoption of RMS Climate Change Models. RMS …

Hiscox Utilizes RMS Location Technology to Deliver Large-Scale, High-Speed Point of Quote Pricing for Coverholders

LONDON – 7th December, 2021 – Specialist global insurer is working with RMS, the world’s leading catastrophe risk solutions company, to extend and increase its use of groundbreaking RMS Location Intelligence API technology, to improve the customer experience for its …

Apollo Adopts RMS ExposureIQ to Understand Risk Exposure Faster

Apollo to strengthen exposure management practices and respond quicker to underwriter requests RMS exposure management cloud application ExposureIQ makes business-wide exposure management faster and more accurate for informed decision-making LONDON, U.K. – September 22, 2021 – Apollo Partners LLP (Apollo), …