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 Copyright © 2004 Business
Insurance |
"RMS launches model for global
terrorism"
October 18, 2004
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- NEWARK, Calif.—Risk Management Solutions Inc. has launched a tool to help
insurers and reinsurers manage terrorism risks outside the United States.
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- The RMS Global Terrorism Risk Model allows companies to quantify property,
business interruption and casualty risk associated with terrorism for locations in 227
countries. The model takes into account an assessment of local terrorist groups, the
"attractiveness" of the location to terrorists, likely attack modes and
historical terrorism loss in each region.
The company has also expanded the RMS Terrorism Scenario Model in its RiskLink catastrophe
management software to cover 14 more countries. The model allows users to estimate
multiline losses at any user-defined location under 30 attack scenarios, ranging from
convvention bombs to chemical, biological, radiological and nuclear attacks.
For more information, contact Peter Ulrich, managing director of the terrorism risk
modeling unit of RMS, at 510-608-3341 or visit the company's Web site, www.rw5.com.
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Insurance 2004
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