Catastrophe risk modelling and analytics firm RMS has announced a series of newly updated products and models on its Risk Intelligence (RI) platform.
RMS RI was launched in May 2019 and is an open, modular and unified cloud platform designed to enable advanced modeling, risk insights and analytics.
New to the platform is RMS’ Risk Modeler 2.0, which provides advanced portfolio and account risk analyses designed to meet the needs of risk analysts and cat modelers.
The latest version of the Risk Modeler product enables real-time risk analytics and unified, high performance execution of RiskLink models and HD Models.
RMS says its HD Models have now all undergone a significant upgrade and now provide greater flexibility and computational strength.
Updated HD maps include:
Europe Inland Flood Model suite that covers 18 river basins and over 8,000 catchments across 15 countries in Europe
Japan Earthquake and Tsunami and New Zealand Earthquake models that both include sub-peril coverage for tsunami, fire-following, liquefaction and landslides
Japan Typhoon and Flood Model that incorporates the most recent events such as Typhoons Jebi and Hagibis
Europe Severe Convective Storm Models, a brand new model suite that covers 17 countries with large pan-European event sets and is fully integrated with our Europe Windstorm Model
RMS Risk Intelligence also offers a new suite of advanced applications that are tailored for specific portfolio management and underwriting tasks.
“Risk Intelligence is the world’s first comprehensive global risk platform,” said Karen White, Chief Executive Officer at RMS.
“The complexity and connectedness of risks continually confront us – we are all experiencing the crisis of COVID-19, along with the persistent crises of climate change, extreme weather and growing cyber threats.
“Facing all this, our industry needs a modern risk platform that takes advantage of all manner of data, modeling and analytics, in a way that is fast, integrated, and leverages technology in new ways for better insights and outcomes.
“RMS promised innovation, and with Risk Modeler 2.0 and the IQ applications, we have delivered – with an integrated platform for modeling risk in the cloud at the scale and speed required to take on the future of risk.”
