RMS

InsTech Overview:

For more than 30 years, RMS has been one of the companies leading how catastrophe risk has been assessed and managed through providing probabilistic models. RMS solutions enable insurers to make decisions related to extreme weather, climate change and other catastrophes. RMS models, data and software are predominantly used for underwriting, managing portfolio risk, defining capital requirements and determining reinsurance costs. RMS was acquired by Moody’s Corporation in 2021.

For more information, go to rms.com

Related Content:

Insight

Automating processes and speeding up operations: 30 companies we know

For most insurance organisations, there are manual elements to ingesting, processing and transferring data, which is time consuming and expensive.
Newsletter

2022 losses highlight the importance of secondary climate perils

Climate Risk is InsTech’s monthly newsletter dedicated to climate-related insurance news - you can sign up for free 
Insight

Property Intelligence: the where and what

Insurers now have a huge amount of choice of technology to help them make money, save money or satisfy regulators.
Newsletter

Climate risk: how much will Hurricane Ian cost?

Climate Risk is InsTech’s monthly newsletter dedicated to climate-related insurance news - you can sign up for free 
Newsletter

Tornadoes: a peril to watch in parametric insurance - The Parametric Post Issue 32

The Parametric Post, the only newsletter dedicated to parametric insurance.
Newsletter

Climate and ESG: hot topics for insurers

Climate Risk is InsTech’s monthly newsletter dedicated to climate-related insurance news - you can sign up for free 
Insight

Parametric Insurance in 2022: the 150+ companies to watch

Parametric insurance has existed for over 20 years, but its use has grown recently due to new technologies and data sources.
Newsletter

Climate risk: the need for carbon credit insurance

Climate Risk is InsTech’s monthly newsletter dedicated to climate-related insurance news - you can sign up for free 
Newsletter

A month in climate: storms, floods and the IPCC report

Climate Risk is InsTech’s monthly newsletter dedicated to climate-related insurance news - you can sign up for free 
Insight

Climate Change Risk Regulation and Measurement: 22 companies to know

Actively engaging in climate change risk reduction will become one of the top strategic priorities for all insurers in 2022. This is a hugely important area, but there is a lot to untangle.
Newsletter

InsTech News: The Partners’ view on 2021

This week our partners podcast is back, and we’ve released an article discussing how to scale microinsurance products with a new InsTech member.
Insight

COP26 and Insurance: The Key Themes

Throughout the period of COP26, conversations and announcements relating to the insurance industry tended to focus on a few key themes: the insurance protection gap, decarbonisation by 2050, and th
Newsletter

Accurate insured loss estimates take time - Flood Focus Issue 5

Insured loss estimates from Hurricane Ida were released as soon as 5 days after the tropical storm made landfall in Louisiana. Throughout September these companies have updated their predictions. AIR has updated its estimate to include insured losses from flooding, so its new range is $20 billion to $30 billion. RMS has updated its estimate to between $31 billion and $44 billion, which includes losses from flooding, and CoreLogic predicts up to $8 billion in insured flood losses alone specifically for the US Northeast.
Newsletter

Could 2021 be a record year for insured flood losses? - Flood Focus Issue 4

July saw record floods occur across the world, and more accurate loss estimates are now being released. Last month, insured loss predictions from the European floods were predicted to be $5 - $6.5 billion by the German Insurance Association (GDV) and $6 billion by AIR.
Insight

Data Extraction and Ingestion: The 40 companies to watch in 2021

Data Extraction and Ingestion: The 40 companies to watch in 2021, a new report from InsTech London, takes a detailed look at the organisations working to overcome the frictional cost of manual data
Past events

Climate Change Stress Tests: Implications for Insurers & Catastrophe Models

In this discussion with RMS we continue our theme of reviewing the impact of the Bank of England Climate Biennial Exploratory Scenario (CBES) released in June.
Insight

To manage is to measure: observations on the recent European floods

In July 2021 major floods hit parts of western Germany, eastern Belgium, and the Netherlands. To date over 180 people are known to have died and hundreds are still missing.
Newsletter

Flood Focus Issue 1 - Flood insurance news from InsTech London

Despite flood being the most pervasive hazard in the US, there are major challenges around the provision of adequate flood cover based on accurate, real-time data. We discussed this and JBA’s flood models that cover 99% of the world’s landmass with Jane Toothill and Matt Reid.
Insight

Location Intelligence 2021 - the Companies to Watch

Our latest report, 'Location Intelligence 2021 - the Companies to Watch: Where, what and how risky?', offers a comprehensive look at the technology helping insurers identify and manage risk.
Insight

Parametric Insurance - 2021 outlook and the companies to watch

Once considered as niche, parametric insurance now offers the potential to deliver solutions where conventional insurance has failed. 
Podcast

Pandemic Podcast Special: Matthew Grant speaks to the industry experts

This week we have a "pandemic podcast" special edition. A series of interviews recorded on Thursday 12 March, the day after the WHO had declared Covid-19 Coronavirus a pandemic.