Catastrophe risk management firm has partnered with the United Nations and the World Bank to offer its catastrophe modelling tool to governments for free.
RMS(one), the company’s real-time exposure and risk management platform is a key component of a new partnership between RMS and the United Nations Office for Disaster Risk Reduction (UNISDR) and a collaboration with The World Bank.
The public-private partnerships are part of a new RMS initiative to expand access to catastrophe models to governments in developing and developed countries.
RMS said that the objective is to strengthen the understanding of catastrophe risk and empower governments to make more informed decisions about risk finance and mitigation.
Robert Muir-Wood, chief research officer, RMS, said: “RMS has long had the aspiration to expand the application of catastrophe risk modelling to the developing world. This initiative will be influential in delivering this information where it’s most needed.”
Francis Ghesquiere, head of secretariat, GFDRR and manager, Disaster Risk Management Practice Group, World Bank, said: “We welcome the RMS initiative to offer free access for modellers and governments to their new risk management platform. This collaboration supports our goal to stimulate and encourage the development and expanded use of catastrophe models to support disaster risk reduction and new risk-sharing arrangements in developing countries.”
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RMS, RMS(one), Europe, UN, World Bank