![RMS](https://cdn.prod.website-files.com/6556ce7302a229a57f0a2b05/669e966d440235a76a0e6376_rms_logo.jpeg)
RMS
Overview
RMS (Risk Management Solutions) is a comprehensive risk modeling and analytics platform designed to help companies in the insurance and reinsurance industries. With its sophisticated models and data, RMS enables legal teams to make data-driven decisions on risk assessment, underwriting, claims management, and catastrophe planning.
RMS is trusted by some of the world's leading insurance companies, reinsurers, and brokers to quantify and manage risk, improving their overall resilience.
Key Features
- Risk Modeling and Analytics (bold): Access industry-leading catastrophe models and data to make informed risk decisions.
- ExposureIQ (bold): Visualize, quantify, and manage risk aggregation across various portfolios in real-time.
- Integration with Multiple Data Providers (bold): Expand data analytics capabilities by merging internal and external data sources.
Integrations
RMS's integrations primarily focus on risk modeling and data analytics, catering to the needs of risk management professionals and legal teams that require sophisticated risk assessment tools and data.
- 1. Proprietary RMS Data (bold): Leverage RMS's extensive risk models, exposure data, and catastrophe scenarios.
- 2. External Data Providers (bold): Integrate with a variety of external data sources to enhance risk analyses.
Use cases
Use Cases:
- Risk Assessment: Utilize RMS's advanced models and data to effectively underwrite and assess risks across various portfolios and business lines.
- Catastrophe Planning: Leverage RMS's catastrophe models to prepare for extreme events and manage potential losses.
- Claims Management: Optimize the claims process by using RMS's solutions to streamline claims handling and manage claims costs.
- Underwriting: Enhance underwriting decisions by utilizing RMS's exposure and risk analytics.
When RMS works well: RMS provides the most value in catastrophe-prone industries that require sophisticated risk modeling, such as insurance, reinsurance, and risk consulting.
Where RMS might not work as effectively: While RMS offers various functionalities to serve a broader audience, it may not address specific pain points for legal teams that require task-oriented or practice management-related solutions.
Pricing model
RMS's pricing model is not publicly disclosed and typically negotiated based on specific client needs. Pricing Tiers: Tailored pricing based on client requirements, data access, and platform usage. Free Trial: Not offered.
User experience
RMS is primarily designed for experienced professionals and caters well to risk analysts, underwriters, and risk management experts with a firm understanding of risk modeling and data analysis. Ideal For: Risk Professionals, Risk Management Consultants, Underwriters, Claims Analysts, Catastrophe Modeling Professionals.
Support
RMS offers client support through its expert consulting and training services, enabling users to optimize the platform's capabilities.
- Expert Consulting and Training Services (bold): RMS offers specialized consulting and training services through its Expert Services team.
Security and Compliance
RMS prioritizes data protection and regulatory compliance, offering a secure platform that satisfies industry requirements and maintains data privacy.
- Data Protection (bold): RMS follows industry best practices for data security and encryption.
- Regulatory Compliance (bold): RMS adheres to the latest regulatory guidelines in the risk modeling and analytics sector.
Product images
Frequently asked questions
RMS specializes in property risks, casualty risks, and cyber risks, offering advanced models and data for each category.
RMS primarily targets the insurance, reinsurance, and risk consulting industries.
ExposureIQ is an RMS solution that visually quantifies and manages risk aggregation across various portfolios in real-time.
Yes, RMS negotiates pricing based on specific client needs.
RMS offers expert consulting and training services through its Expert Services team.
RMS serves the insurance, reinsurance, risk consulting, and insurance-linked securities (ILS) sectors.
No, RMS does not provide a free trial.
RMS prioritizes data protection and regulatory compliance by following industry best practices for data security and encryption and adhering to the latest regulatory guidelines.
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