RMS launches reinsurance software

Risk Management Solutions (RMS) has launched a software platform that aims to enable insurance industry professionals to gain a more comprehensive view of their portfolio risk.
“The Reinsurance Platform will help insurance, reinsurance, and catastrophe management professionals to reduce uncertainty in modelled losses, build a deeper understanding around regional accumulations of risk, and make better-informed decisions about how to allocate capital,” an RMS release said.
The software is designed to handle large quantities of data and is fully integrated into RMS’s RiskLink modelling platform, by capturing the RiskLink output and conducting a number of post-analysis functions, the Reinsurance Platform enables users to gain a complete view of their current contracts and model the impact of adding complex new treaty types and conditions to a portfolio.
“The RMS Reinsurance Platform represents a significant development in the way risk is managed, and provides a means to analyze and price a wide variety of reinsurance contracts,” said Christine Ziehmann, director of reinsurance solutions at RMS.
“The powerful and robust analytics behind the Reinsurance Platform allow users to quickly and efficiently answer more business questions that can be answered through model output alone.”