RMS Models and Services to Enhance Risk Analysis for J. B. Boda’s India Portfolio

NOIDA, India – September 8, 2021 – RMS^®, the world’s leading catastrophe risk solutions company, and J. B. Boda Group announce a new agreement towards licensing the RMS® India Earthquake Model and RMS® India Inland Flood Model and the adoption of RMS Analytical Services, enabling J. B. Boda to offer a more comprehensive catastrophe risk view for their clients in India and around the globe.

This agreement will strengthen J. B. Boda’s risk analysis capabilities to enhance their support of clients that have portfolios with risk exposure in India. J. B. Boda continues to grow its activities and client base in various markets. It is further enhancing its in-house capability of assessing risks.

Rohit A. Boda, managing director, J. B. Boda, stated: “J. B. Boda is committed to offering our clients cutting-edge solutions and insights into the natural perils they are exposed to. For over 10 years, J. B. Boda has worked with RMS, and this new agreement will enable us to continue assisting our clients with modeling their exposures by using state-of-the-art technology and updated scientific research. Our in-house modeling capability will result in increased efficiency as well as more informed and up-to-date teams, which will eventually help us serve better.”  

Alok Kumar, managing director India, RMS, said: “We are pleased to be in a position to strengthen and expand our work with long-standing customers such as J. B. Boda. Flood and earthquake are major perils in India, and deeper insights and analysis of these risks will be greatly beneficial to all J. B. Boda’s clients.”

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Notes:

• The RMS India Inland Flood Model and Data Products provide an advanced pluvial flood risk solution that explicitly models monsoon rainfall at its core. This solution captures over 125,000 events across 9,033 catchments throughout India and offers the most comprehensive view of flood risk in the market. 
• The RMS India Earthquake Model identifies the level of earthquake risk for appropriate pricing based on stochastic events and their losses. 
• RMS Analytical Services provide a new dimension for internal operations. Companies can gain access to expertise in identifying, quantifying, reporting, and managing catastrophe risk from point of underwriting to portfolio-level analysis, along with regulatory reporting and bespoke analytics.

About J. B. BODA Group

The J. B. Boda Group, established in 1943 by the visionaries Late Chairman Mr. Jagmohandas Bhagwandas Boda together with his brother, Late Mr. Dhirajlal Bhagwandas Boda, is the pioneer of reinsurance broking in India.

The Group is the oldest and the leading broker in Asia, Africa, the Middle East, and emerging countries, as well as the first Indian broker at Lloyd’s, U.K., accredited in December 2002. 

The Group today offers insurance, reinsurance broking, and related services such as non-marine and marine survey and loss assessment including export-import survey at major Indian ports, off-shore and on-shore survey, protection and indemnity services to Indian ship owners and charterers, risk inspection, asset valuation, life product development, life fund actuarial valuation, employee benefit valuation, wellness programs, and training/seminars for the clients. The Group is dealing in 90+ countries serving over 500 clients with a specialized workforce close to 1,000 globally with 25 branches in India and nine overseas offices.