Commercial property and casualty insurer Mitsui Sumitomo Marine Management (MSMM) has licensed the RMS Exposure Manager, a move that aims to strengthen its risk accumulation management.
One of the world’s leading catastrophe risk modelling and management firms, RMS, today announced that MSMM has licensed its Exposure Manager solution, the first solution on the RMS (one)® platform.
MSMM is a subsidiary of Mitsui Sumitomo Insurance Company, and has now joined the list of insurers utilising the RMS cloud-based solution to reduce blind spots within their risk portfolios.
“RMS Exposure Manager gives us the analytics we need, when we need them – all based on the latest view of risk.
“We’ve been really impressed by the speed and simplicity of calculating key metrics such as exposed limit, allowing us to very quickly derive insights into our exposures. The clearer view of our accumulations across our diverse risk portfolio makes it so much easier for our exposure management and underwriting teams to quickly make vital portfolio decisions on growth opportunities and risk hotspots, before information becomes outdated,” said Michael Daly, Senior Vice President (SVP) and Chief Underwriting Officer (CUO) of MSMM USA.
The RMS Exposure Manager enables companies to better manage their exposure concentrations by offering a clear, actionable view of real-time risk accumulations, says RMS. And, the firm explains that being able to manage exposure concentrations more intuitively and in a consistent and robust manner is vital in reducing losses.
The cloud-based solution offers clients a more streamlined and simpler approach to formatting data, running complex queries, and extracting information to build static reports, enabling a more agile and informed company response in the event of a catastrophe, explains RMS.
Farhana Alarakhiya, Vice President (VP), Software Product Marketing at RMS, said; “Exposure Manager gives our clients the clear view they need to deliver portfolio-level insights that are backed by the latest science for a deeper, more comprehensive understanding of potential loss.
“We have integrated the flagship RMS Financial Model and our library of hazard layers into Exposure Manager, making it so much easier for firms to minimize losses and optimize the use of their capital.”