Copyright © 2003 Business Insurance

"RMS Launches Model for Risk Accumulation" June 9, 2003

Catastrophe modeling firm Risk Management Solutions Inc. has introduced a multiline computer modeling system to help calculate accumulations of exposures.  The system is intended to help underwriters and brokers assess potential risk accumulations in dense urban areas.  It analyzes a portfolio of property and workers compensation coverages and assesses vulnerability to a variety of terrorist attacks.  The need to manager risk accumulations was highlighted by the Sept. 11, 2001 terrorist attacks, "which demonstrated the industry's vulnerability to concentrated losses in urban areas," according to the company.

© Copyright Business Insurance 2003