Welcome to the December 2015 issue of RMSConnect. Here's what's happening:

RMS Perspectives

  • RMS Events: Exceedance 2016
  • Blog Insights
  • Resources, Documentation, and Briefings

  • RiskLink 15.0 Resources
  • Register for January CCRA Exam
  • 2016 CCRA Training Program
  • New Clustered View for Europe Windstorm
  • Singapore Exposure Data
  • Offshore Platform Industry Exposure Database Update
  • New: RiskClips Videos on Owl
  • Got Feedback or Ideas for Owl?
  • RMS News, Events, and Engagements

  • In the News
  • Speaking Engagements

    RMS Perspectives

    RMS Events: Exceedance 2016

    The anticipation is building! Registration for Exceedance 2016 opens soon. We will convene May 16-19, 2016, at the Fontainebleau Resort in beautiful Miami, Florida. Exceedance includes four action-packed days of learning, networking, innovation, and excitement. Join us as we dive deeply into RMS model science and technology at the industry’s most transformative conference. More information coming soon!

    Blog Insights

    • European Windstorm: Such a Peculiarly Uncertain Risk for Solvency II
      Europe’s windstorm season is upon us, as Laurent Marescot, RMS Director of Model Product Strategy, notes in his latest blog. As always, the risk is particularly uncertain, and with Solvency II due smack in the middle of the season there is greater imperative to really understand the uncertainty surrounding the peril and manage windstorm risk actively.
    • Tianjin Is a Wake-Up Call for the Marine Industry
      Chris Folkman, RMS Director of Product Management, discusses how the explosions at the Port of Tianjin, which caused an estimated $1.6-$3.3 billion in cargo damages, can be a catalyst for the marine industry to better understand its exposure and how vulnerable it might be to future losses.
    • Are (Re)insurers Really Able to Plan for That Rainy Day?
      Many (re)insurers were surprised by the level of claims resulting from recent severe floods in the French Riviera. RMS Director of Model Product Strategy Laurent Marescot examines how effective flood modeling must begin with precipitation. Underwriting more informed flood risk presents a real opportunity for growth amid sluggish gains in European insurance markets.

    Read more captivating and compelling insights from RMS experts on the RMS blog.

    Resources, Documentation, and Briefings

    RiskLink 15.0 Resources

    Please visit and bookmark the version 15.0 resources page for continual updates and new information about available or upcoming version 15.0 resources.

    January CCRA Exam: Registration Opens December 17

    Registration for the January 28, 2016, CCRA exam opens on December 17, 2015. This exam sitting will be offered at the RMS offices in Newark, Hoboken, London, Peoria, and Minneapolis. It is open to RMS clients and employees who have completed the instructor-led CCRA course and passed three self-study peril courses. Registration closes January 14; the next 2016 sitting for the exam will be April 28.

    Registration, more information, and the complete 2016 schedule are available on the training page on Owl. If you have questions, please contact Deb Dahlby.

    2016 CCRA Training Program: Registration Opens January 4 for Hoboken, NJ, Session

    The RMS Certified Catastrophe Risk Analyst (CCRA) Training Program is designed to fast-track individuals with an intermediate level of catastrophe modeling experience to an advanced understanding of models and loss estimates. Participants gain a solid foundation of core concepts essential for interpreting and applying loss estimates, and they become skilled at the critical assessment of assumptions that affect catastrophe model results.

    The Hoboken, New Jersey, instructor-led session of the CCRA will be held March 8-11, 2016. Registration is limited to RMS clients only and opens on January 4. Register early as sessions can fill quickly. More information and the complete 2016 schedule are available on the training page on Owl.

    New Clustered View for Europe Windstorm

    RMS will release a new clustered view for the Europe windstorm peril in RiskLink 16.0. Clients licensing the Europe Windstorm Models can gain access to this new clustered view of risk upon request beginning January 12, 2016. More information on pre-release access will be provided by account management teams.

    Pre-release guidance materials are now available on Owl:


    Note that this early release will also provide a fix for Known Issue RLRB-2140, which only impacts Simulation Platform results for the North America Severe Convective Storm Model.

    Singapore Exposure Data

    This month, RMS has released a new set of exposure data sets for Singapore. Available to licensing clients, the data sets consist of an Economic Exposure Database and Industrial Clusters Catalogs. Together with this latest addition to the ever-growing APAC exposure data sets, RMS now covers 11 countries and territories in the region. Please refer to the executive briefing on Owl for more information.

    Offshore Platform Industry Exposure Database Update

    The October-November 2015 update to the Offshore Platform Industry Exposure Database is now available on Owl for licensed clients. The update incorporates the latest information about mobile rigs in the Gulf of Mexico. This is the final update for the 2015 hurricane season; updates will resume just prior to the start of the 2016 hurricane season. Licensed users can find the updated spreadsheet, titled "Exposure Data Sets," in the product library under "Other Products."

    New: RiskClips Videos on Owl

    The RMS Online Learning Team is pleased to introduce RiskClips, our newest method of delivering quick and dynamic video learning. These searchable videos consist of a two-to-five minute presentation on a specific topic. Seven RiskClips are currently available in the library/video section of Owl:

    • Uncertainty and Volatility
    • AAL From ELT and in Simulation
    • Adjustments to Storm Surge Ground-Up Loss
    • Floors Below Grade/Basements in v15 NAHU
    • Spider Accumulations
    • Terrorism Scenario Model Accumulations
    • Earthquakes: Epicenters vs. Rupture Areas

    Visit often as more topics will be posted soon.

    Got Feedback or Ideas for Owl? We’d Like to Hear From You!

    The RMS Owl team is hard at work building additional functionality for release in 2016. We’d like to hear your ideas or requests for enhancement. Simply use the “Feedback” button located in the top right corner of every page.

    RMS News, Events, and Engagements

    In the News

  • Deal of the Year
    Alongside Axa and BNP Paribas, RMS was named as a winner for Insurance Risk’s Deal of the Year for its risk modeling of the Benu Capital transaction.
  • Captives Looking Beyond Reinsurance
    Stephen Moss, Director of Capital Markets, discussed the increased interest in capital markets as an alternative to reinsurance by captive owners in Captive Review.
  • A Peak of Exposure in Every Port
    Director of Model Product Management Chris Folkman explained how cargo policy provisions are a structural issue for the marine cargo insurance market in Insurance Day.

    Upcoming Speaking Engagements

  • AGU Fall Meeting
    December 14-18, 2015
    San Francisco
    Jochen Wossner, RMS Senior Catastrophe Modeler, will present on earthquake hazard and risk assessment in Southeast Asia.
    Dr. Gordon Woo, RMS Catastrophe Risk Expert, will present on decision-making about population return after a volcanic eruption.
  • 2016 Property Casualty Insurance Joint Industry Forum
    January 12, 2016
    New York
    CEO and Co-Founder Hemant Shah will participate in the Experts Panel: A View From the Outside Looking In. This annual member-only event is organized by the Insurance Information Institute.
  • UNISDR Science and Technology Conference on the Implementation of the Sendai Framework for Disaster Risk Reduction 2015-2030
    January 27-29, 2016
    Dr. Robert Muir-Wood, RMS Chief Research Officer, will participate in the understanding disaster risk, risk assessment, and early warning session.