RMS releases Asia economic exposure databases

Catastrophe management firm RMS has released its economic exposure databases and industrial clusters catalogues for the Philippines, South Korea, Taiwan, Thailand and Vietnam.

The new suite of exposure datasets provide the location, configuration and economic values of exposure concentrations in the five countries to enable insurers and reinsurers develop a more comprehensive view of risk in Asia.

“Until now, the scarcity of exposure data for Asia has forced companies to rely on aggregate data, which hides the true magnitude of their risk,” said Neena Saith, director, business solutions at RMS.

“By using the RMS datasets companies can now get a clear-cut view of exposure risk to sustain profitable business in these five countries. They can locate concentrations of exposure and characterise the risk profiles of exposure hotspots to develop more robust risk management strategies.”