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Welcome to the November 2015 issue of RMSConnect.
Here's what's happening:
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RMS Perspectives
RMS Acquires HWind Scientific
Blog Insights
Resources, Documentation, and Briefings
RiskLink 15.0 Resources
New Enhancements on Owl
New Research: Typhoon Landfalls in the Northwest Pacific
Registration Opens November 30 for 2016 RMS CCRA Training
2016 U.S. Workers’ Compensation Cost Severities
Europe Windstorm Models and RiskLink 16.0 Update
RMS News, Events and Engagements
In the News
RMS Events
Speaking Engagements
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RMS Perspectives
RMS Acquires HWind Scientific
In October, RMS acquired HWind Scientific LLC (HWS), the leading hurricane data service. HWS provides real-time streaming analysis, post-landfall impact footprints, and an archive of historical wind impact products for major hurricane landfalls in the Atlantic hurricane basin dating back to 1994. The acquisition is an important step for RMS as we work with our clients and the industry to advance the understanding and management of hurricane risk, both from a models and data development point-of-view and by assisting clients on a pre- and post-event basis. Read the full announcement here.
Get caught up on the latest RMS hurricane-related resources:
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Blog Insights
- European windstorms: Looking ahead to the uncertainty of this winter’s windstorm activity, Dr. Stephen Cusack, Director, Model Development, explores indicators for winter storm damage to see what may be in store for Europe.
- South Carolina floods: Jeff Waters, Manager, Model Product Strategy, discusses the science behind the South Carolina floods, how Hurricane Joaquin only amplified an event that would have occurred regardless, and what it means for the insurance industry.
Learn more about inland flood risk with these resources from our October Risk on the Rise: Managing Inland Flood webinar:
- Creating competitive advantage: Markus Moravek, Senior Manager, Model Product Strategy, explains how better exposure data and management systems create a competitive advantage by reducing overhead and allowing insurance companies to focus on their core businesses.
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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.
New Enhancements on Owl - Download up to five documents at a time to your desktop from the "Search Results" as well as the Owl Library.
- Quickly export known issues to Excel using the "Export" button after defining filtering criteria.
New Research: Typhoon Landfalls in the Northwest Pacific The Northwest Pacific basin is the most active tropical cyclone basin in the world and has produced some of the most intense and costly events on record. The 2015 season has been particularly active due to the strong El Niño conditions, which affect the genesis and pathway of tropical cyclones, as explained in our newest research paper: Effects of the El Niño Southern Oscillation on Typhoon Landfalls in the Northwest Pacific.
Registration Opens November 30 for 2016 RMS CCRA Training 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.
In 2016, RMS will offer two sessions of the CCRA Training Program, now in its 12th year. Registration is limited to RMS clients only. Register early as sessions fill quickly:
- London, February 9-12; registration opens November 30
- Hoboken, New Jersey, March 8-11; registration opens January 4
Get more information and the complete schedule on the training page of RMS Owl.
2016 U.S. Workers’ Compensation Cost Severities The 2016 U.S. Workers’ Compensation Cost Severities are now available for the RMS U.S. Earthquake Casualty Model, the RMS Probabilistic Terrorism Model, and the RMS Terrorism Scenario Model. The 2016 update reflects the incorporation of state-level regulatory changes, wage levels, and benefit provisions, as well as the latest demographic and medical claim cost data. These resources are available:
Europe Windstorm Models and RiskLink 16.0 Update Clustering is a major source of uncertainty in modeling insurance risk from windstorms in Europe. As noted in the executive brief on Owl, a planned January release of a new, clustered view in RiskLink 16.0 is available for early access by request to clients licensing the RMS Europe Windstorm Models.
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RMS News, Events and Engagements
In the News
Chris Folkman, Director, RMS Model Product Management, writes about the challenges in marine risk management and how catastrophe models help address risks such as cargo diversity and storage configurations in Carrier Management.
RMS partner New Paradigm Underwriters has created Hurricane PM, a supplemental product for windstorm insurance. RMS will certify the data collected during storms. Check out more details in Insurance Journal.
RMS Events
Exceedance 2016—Registration Opens Soon!
The anticipation is building….Mark your calendar for Exceedance 2016, registration 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!
November Speaking Engagements
Guidewire Connections
November 3, 2015
San Francisco
Hemant Shah, Co-founder and CEO of RMS, discussed how catastrophe models and analytics are creating global opportunities for growth throughout the market.
ILS Bermuda Convergence 2015
November 11-13, 2015
Bermuda
Dr. Robert Muir-Wood, RMS Chief Research Officer, will speak on adapting earthquake science to expanded risk transfer.
2015 Predictive Modeling Insights Conference
November 16, 2015
London
Dr. Gordon Woo, RMS catastrophe risk expert, will participate on the panel, Why Analytics?
ECGS & ESC/EAEE Joint Workshop: Earthquake and Induced Multi-Risk Early Warning and Rapid Response
November 18-20, 2015
Luxembourg
Dr. Gordon Woo, RMS catastrophe risk expert, will present on the cost-effectiveness of a public early-warning system for earthquakes in California.
First Scientific Seminar of the Knowledge Centre on Disaster Risk Management
The Royal Institution
November 24-25, 2015
London
Dr. Robert Muir-Wood, RMS Chief Research Officer, will present on disaster risk reduction.
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