Catastrophe risk modelling and solutions company RMS has announced new innovations to its Risk Intelligence platform, ExposureIQ.
ExposureIQ is a cloud-based exposure management application designed to help portfolio managers gain insights into their books, scaling to millions of locations, enabling discovery of hotspots, diversification, and portfolio re-balancing.
The application provides access to exposure information which leverages events and footprints from RMS Event Response and RMS’s forecasting capabilities, to help gain a more accurate assessment of potential losses throughout an event.
At its annual Exceedance Conference, RMS demonstrated how ExposureIQ will expand on these capabilities to allow customers to run accumulations across both their insurance and reinsurance books of business.
RMS executive vice president, product, Cihan Biyikoglu, said: “Exposure management is one of the most important aspects in terms of overall business profitability and keeping business risk appetite in check. Real-time exposure information such as wind forecasting from RMS Event Response gives customers the insights and control they need during critical points before, during, and after an event.
“The inclusion of cross-portfolio and cross-cedant accumulation in this release takes portfolio analytics to an unprecedented level. RMS understands the importance of making decisions based on quality data and insights.
“ExposureIQ brings together excellence in modelling with the flexibility, scale, and performance of the cloud to enable companies to develop a comprehensive view of their portfolio, optimise workflows, generate quality insights, and improve profitability.”