Grappling with climate change: understanding RMS’s new models

17-05-2021

Grappling with climate change: understanding RMS’s new models

Joss Matthewman, senior director, product management, RMS

RMS is one of a number of companies which have launched models or frameworks to help re/insurers better understand and manage the impact of climate change. Joss Matthewman, senior director, product management, RMS, explains what is unique about the models his firm has developed.

A suite of new RMS Climate Change Models will help customers assess the near and long-term impacts of climate change on physical assets and their businesses, in order to make the best possible risk and financial decisions—but it is not a case of one size fitting all, and much nuance will be needed as clients use the models.

This was one of the main points from an interview with Joss Matthewman, senior director, product management, at risk modelling firm RMS. The interview took place on Intelligent Insurer’s Re/insurance Lounge, an online platform where interviews and panel discussions are available on demand.

Matthewman added that the models would potentially help clients improve efficiency, achieve a higher return on equity, meet regulatory requirements, and even help protect their credit rating.


RMS, Climate change, Insurance, Reinsurance, Joss Matthewman, Global

Intelligent Insurer