RMS Launches Reinsurance Platform to Transform Portfolio Risk Management |
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Tuesday, 19 June 2007 19:00 |
NEWARK, Calif., June 20 -- Risk Management Solutions, the world's
largest provider of products and services for catastrophe risk
management, is today launching a powerful new software platform that
will enable insurance industry professionals to gain a more
comprehensive view of their portfolio risk. The RMS(R) Reinsurance
Platform will help insurance, reinsurance, and catastrophe management
professionals to reduce uncertainty in modeled losses, build a deeper
understanding around regional accumulations of risk, and make
better-informed decisions about how to allocate their capital.
The Reinsurance Platform has been specially designed to manage, and provide access to, large quantities of data. Users can easily build and update their portfolios and combine their direct, facultative, and treaty books of business. Increasing workflow efficiency in this way unlocks resources in catastrophe risk modeling teams, allowing more time to be focused on analysis and decision-making.
The software is fully integrated into RMS' market-leading RiskLink(R) modeling platform, which performs the core catastrophe risk analysis. By capturing the RiskLink output and conducting a number of post-analysis functions, the Reinsurance Platform enables users to gain a complete view of their current contracts and model the impact of adding complex new treaty types and conditions to a portfolio.
"The RMS Reinsurance Platform represents a significant development in the way risk is managed, and provides a means to analyze and price a wide variety of reinsurance contracts," said Christine Ziehmann, director of reinsurance solutions at RMS. "The powerful and robust analytics behind the Reinsurance Platform allow users to quickly and efficiently answer more business questions than can be answered through model output alone. Combined with the RiskLink analysis engine, the market now has a complete set of tools for making informed reinsurance decisions."
Robert Stevenson, head of exposure management at Kiln Group, commented: "The Reinsurance Platform will help to improve the way we manage our portfolio.
Having the facility to model additional treaty types and conditions will help us gain a comprehensive view of our portfolio risk more quickly than we can today."
He added: "It is important to us that the system is able to handle large quantities of data, allows us to add complex catastrophe treaties efficiently, and gives us quick access to our total risk exposure. We think that the Reinsurance Platform will considerably improve the processes by which we interpret and make use of RiskLink output."
The RMS Reinsurance Platform is being launched alongside a suite of new and updated catastrophe models and software with version 7.0 of the market- leading RiskLink and RiskBrowser modeling systems.
About RMS
Risk Management Solutions is the world's leading provider of products and services for catastrophe risk management. More than 400 leading insurers, reinsurers, trading companies, and other financial institutions rely on RMS models to quantify, manage, and transfer risk. Founded at Stanford University in 1988, RMS serves clients today from offices in the U.S., Bermuda, the U.K., Paris, Zurich, India, and Japan. For more information, visit our web site at http://www.rms.com/.
RMS and RiskLink are registered trademarks and the RMS logo is a trademark of Risk Management Solutions, Inc. All other trademarks are property of their respective owners.
Editorial Contacts:
Mark Prindle
TorranceCo, New York
1 212 691 5860
mprindle@torranceco.com
Jackie Barber
Risk Management Solutions, London
+44 20 7444 7723
jackie.barber@rms.com
Source: Risk Management Solutions
CONTACT: Mark Prindle of TorranceCo, New York, +1-212-691-5860, mprindle@torranceco.com; or Jackie Barber of Risk Management Solutions, London, +44 20 7444 7723, jackie.barber@rms.com
Web site: http://www.rms.com/
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