RMS expands global risk views coverage for acute perils & climate change
RMS, a Moody’s Analytics company and a provider of risk modeling solutions, is launching new global views for acute and chronic perils and their climate change impact following demand from investors and corporations across many industries.
The new global views will “significantly” extend RMS’s peril and climate change impact coverage to provide fully correlated global views of risk, and include event frequency and severity, and analysis for current baseline and future climate views. Additionally, it will enable RMS to deliver a view of risk for chronic risks such as drought, heat stress, water stress, and sea-level rise.
The global peril coverage will enhance RMS’s applications on the Intelligent Risk Platform with the Risk Modeler, ExposureIQ, TreatyIQ, SiteIQ, and UnderwriteIQ applications delivering global insights in the future.
RMS currently offers a range of regional peril and climate change models, which support detailed acute physical loss modeling products, as well as data products covering hazard and risk scores, and loss costs for individual locations, across multiple time horizons. Its climate change models and data products allow users to stress test portfolio management, risk mitigation, and adaption strategies.
Michael Steel (pictured), general manager of RMS, said: “We are continuing to see growing demand for risk insights on acute and chronic perils and climate change, from investors and corporations across many industries such as banking, commercial real estate, and insurance. The effects of these risks will unfold over many years and will have many direct and indirect implications for both industry and society. We firmly believe that long-term strategies and decision making can only benefit from detailed and analytical insight into hazard and risk impacts for present and future climates.”
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