RMS in the News

RMS is mentioned in the following natural and man-made hazard modeling and insurance industry articles and publications. See selected links for access to full articles.

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	"High Performance Computing For Competitive Decision-Making" Insurance & Technology August 30, 2010 Matt Reid, senior director of solutions marketing at RMS, peaks about the competitive advantage gained through sophisticated and thorough analysis of large volumes of data and how many market leaders have turned to high-performance computing (HPC) to maintain and expand their edge.
	"RMS Updates Terrorism Model To Include Int’l Cities, New Insights" National Underwriter August 11, 2010 RMS has updated its terrorism risk model to include international cities of interest to the insurance industry.
	"RMS Introduces High Performance Cat Modeling Solution" Tech Decisions August 5, 2010 RMS announced it is to bring high-performance computing (HPC) to the industry through its new Enterprise Grid Computing software.
	"Insurance Industry Welcomes RMS Longevity Model" FT Adviser August 5, 2010 RMS' longevity model aims to generate the probabilities of advances in medical science, and their impact on death rates.
	"Market Imperfections and Catastrophe Insurance" Middle East Insurance Review July, 2010 Dr. Gordon Woo and Daniel Stander of RMS are featured in an article about catastrophe insurance and market inefficiencies in the July issue of Middle East Insurance Review.
	"Industry comment: Claire Souch, vice president at RMS and member of CEIOPS' Catastrophe Taskforce" Insurance Capital Risk July 21, 2010 In this article, Claire Souch, vice president of product management at RMS, explains how companies will use the new CEIOPS standardized catastrophe scenarios.
	"Social Network Monitoring Key to Calculating Terrorism Risk " National Underwriter July 16, 2010 The manner in which we network with each other is “a law of human existence,” said Gordon Woo, a catastrophist with RMS, at the annual terrorism seminar in New York City.
	"Mortality Rate Improvement to Tail Off in 15 Years - RMS" Reuters July 12, 2010 The recent growth in UK mortality rates will tail off in the next 15 to 25 years, according to RMS.
	"RMS Contests Rise in Longevity Risk " Financial Times July 12, 2010 The article features the recently launched RMS longevity model which takes thousands of medical trends and drug trials and uses stochastic modeling to predict the effects on mortality rates if they proved successful.
	"BP Bringing in Equipment to Double Amount of Oil Caught From Leaking Well" Bloomberg July 3, 2010 According to RMS, there is more than a 40 percent chance of at least one storm passing by the well by the end of August.
	"Disaster Model Shows 13% Chance Of A Hurricane Hitting Gulf Spill " The Wall Street Journal June 30, 2010 The article presents analysis from a recent RMS report that suggests a 13% chance of a hurricane hitting the Gulf oil spill this year, with the odds of a direct hit rising amid an active storm season. RMS’ model indicates a 7% chance that an intense storm of Category 3 or higher hits the slick, bringing a strong storm surge and the potential to carry tar deposits far inland.
	"Alex Becomes First Atlantic Hurricane, Halts Oil Production " National Underwriter June 30, 2010 RMS states, "Alex is currently a Category 1 hurricane with maximum sustained winds near 80 mph, but could reach Category 2 status before making landfall."
	"Catastrophe Bonds Slump as Hurricane Forecasts Spook Buyers " Bloomberg June 30, 2010 “Investors have gotten spooked by these forecasts of a very active hurricane season,” said Peter Nakada, managing director at RMS
	"The Larger the Terrorist Cells, the Easier to Foil the Plot: RMS Modeling" Canadian Underwriter June 14, 2010 Based on RMS' terrorism risk pools, an excessive number of terrorist operatives involved in attack planning might actually decrease the chance the operation will be carried out successfully.
	"Insurance and Finance in a Developing World" Microinsurance June, 2010 RMS' microinsurance initiative has been featured in many articles published in MicroRisk, a new publication dedicated to the growing market for micro-insurance to protect the world’s low-income people.
	"First Named Storm of 2010 Pacific Hurricane Season Hits Central America" Post Online June 2, 2010 Agatha, the first named storm of the 2010 East Pacific hurricane season was located just off the Guatemala coast before making landfall as a tropical storm along the border of Mexico and Guatemala. According to RMS, Agatha was associated with torrential rainfall which triggered flash flooding and landslides to Guatemala, El Salvador, Honduras and southern Mexico as it tracked inland.
	"RMS Wins 2010 Innovator Award" Windows in Financial Services June 2, 2010 As the leading provider of products and services for managing catastrophe risk, RMS offers technology for managing risks associated with events ranging from earthquakes and floods to pandemics and terrorism.
	"Chartis Obtains $425 Million of Reinsurance Coverage; Fully Collateralized through Catastrophe..." Forbes May 13, 2010 Chartis' $425 Million reinsurance coverage transaction with Lodestone Re is based on RMS' risk analysis.
	Industry comment: catastrophe model understanding is under scrutiny, says RMS director Domenico del Re May 11, 2010 A byline article by RMS director, Domenico Del Re, emphasizing the fact that those companies that can demonstrate their understanding of the scope of the external models they draw on in their solvency calculations will have a head start in their internal model approval.
	"The Real Cost Of Natural Disasters" San Francisco Chronicle May 10, 2010 RMS assessed economic damage of Hurricane Katrina by calculating the value of more than 150,000 flooded properties and related losses.
	"The Next Generation" CEO Risk Forum April, 2010 Tomorrow’s model users will benefit from the convergence of high performance computing, advanced analytics and access to vast amounts of quality information, writes Hemant Shah, CEO of RMS.
	"Second Icelandic eruption could cause mortality risk - RMS" Post Online April 22, 2010 The recent eruption could trigger a larger eruption of nearby volcano Katla, which could pose a significant morbidity and mortality risk, according to RMS.
	"RMS Appoints Ex-Aon Benfield Exec as VP of Client Development" Post Online April 8, 2010 RMS has appointed Aon Benfield executive director Christer Pehrson as vice president of client development. Mr. Pehrson will be based in New Jersey and work directly with RMS clients to identify strategic opportunities for growth and development.
	"RMS To Create Models For Asia Capital Reinsurance Group" National Underwriter March 23, 2010 RMS and Asia Capital Reinsurance Group announced an agreement for RMS to work with ACR to develop catastrophe risk models for the Asian market.
	"Learning From Earthquakes" Lloyd's March 19, 2010 Studies of recent earthquakes led to significant updates in the US Geological Survey maps in 2008. The updates were a result of a project called Next Generation Attenuations (NGA), carried out by top researchers in ground motion. “This was the biggest single driver of the change we had and not just us - it was the biggest change in the USGS hazard maps,” said Don Windeler, director in the Nat Cat and Portfolio Solutions group, in charge of earthquake modeling in the Americas at RMS.
	"Brain Storm: Insurers, Reinsurers Strive to Make Better Use of Catastrophe Models" Business Insurance March 15, 2010 Robert Muir-Wood, chief research officer of RMS, refers to the potential stress tests included in running models with variations on the secondary modifiers. This could include building characteristics, such as whether it has hurricane shutters or the age of its roof, that affect its vulnerability to loss. “They're turning on and off the various switches to see how it might shift the results,” Mr. Muir-Wood said.
	"The Risk of Volcanoes" Post Online March 8, 2010 Gordon Woo, catastrophe risk analyst at RMS comments on the principal insurance markets across the world, including the US, Europe, Japan, and Australasia, and the potential catastrophic loss by volcanic risk to major cities including Seattle, Portland, Naples, Tokyo and Auckland."
	"The Global Financial Crisis: Lessons From a Parallel Modeling Universe? " Risk & Insurance March 1, 2010 This piece is based on Shah's paper "A Model Manifesto" published in CEO Risk Forum.
	"Many Major Cities Sit on Shaky Ground" CBS News February 16, 2010 Mary Lou Zoback of RMS states, "The entire Caribbean is seismically active; so is much of Central America. The next Big One could be on the isthmus of Panama, where Panama City sits just six miles from a major fault that hasn't ruptured in four centuries."
	"Haiti Death Toll Could Exceed 250,000, RMS Says " National Underwriter January 27, 2010 RMS said the quake, which destroyed more than 4,000 buildings in Port-au-Prince alone, had limited impact on the insurance industry, but raises questions about the earthquake risk across the Caribbean, the potential of an earthquake on nearby faults, and what lessons can be drawn from an event such as this.
	"First Parametric Index for US Earthquakes" Global Reinsurance January 21, 2010 A new parametric index for estimating insured industry losses from US earthquakes has been launched by RMS, complementing its existing indices for US hurricanes and European windstorms.
	"Modelling Infectious Disease Risk" Insurance ERM January 20, 2010 Dr. Maura Sullivan of RMS explains the possible pandemic characteristics which can be quantified using historical data, as well as established principles of epidemiology, virology and mathematical analysis and modeling.
	"Cat Bond Issuance At Record Level In 4th Quarter, Reports RMS" National Underwriter January 6, 2010 The end of 2009 saw the busiest fourth quarter ever for catastrophe bonds with issues exceeding $1 billion, and that high activity level should continue this year, RMS predicted.
	"ILS Market Set for Busy 2010 After Record Fourth Quarter - RMS" Reuters January 6, 2010 Insurance-linked security (ILS) activity will remain high in 2010 as an unprecedented $5 billion of catastrophe bonds are due to expire with up to 80 percent still to be renewed, according to risk modeling firm, RMS.