RMS develops new cat models
US-based modelling firm touts new model features and a family of cat bond indices
RISK MANAGEMENT SOLUTION Inc., the Newark, California-based modelling firm, has returned to Baden-Baden this year to present its new line of parametric indices, an updated US earthquake model, and an upcoming flood and earthquake model for Central and Eastern Europe.
With forecasts that the issuance of catastrophe bonds is likely to increase significantly in the fourth quarter of 2009, RMS is showcasing Paradex, its family of parametric indices that are used to trasfer risk to the capital markets.
In 2008, RMS launched its first index, Paradise European Windstorm, for assessing insured industry losses from windstorms in Europe. The index, which combines wind speed measurements in specific locations with industry exposure data, is used to calculate insured loss estimates, according to RMS.
Insurers and capital markets use the estimates to structure and monitor catastrophe bonds, industry loss warranties, and derrivative contracts, RMS said.
Published on 29.10.2009
Comment this article
0 comments
|
