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RMS Working with Canopius to Enhance Climate Change Risk Analysis with RMS Climate Change Models

Grappling with climate change: understanding RMS s new models

RMS is one of a number of companies which have launched models or frameworks to help re/insurers better understand and manage the impact of climate change. Joss Matthewman, senior director, product management, RMS, explains what is unique about the models his firm has developed.

RMS Global Catastrophe Model Leader Launches First Climate Change Models, Enabling New Risk Insights

RMS Global Catastrophe Model Leader Launches First Climate Change Models, Enabling New Risk Insights Friday, May 7, 2021 11:03AM IST (5:33AM GMT) New Climate Change Models Show Impact of Climate Change on Losses; Losses from Hurricanes Could Increase by 24 percent by 2050   Newark, Calif., United States:   RMS, the world’s leading catastrophe risk modeling and solutions company, revealed that according to its new Climate Change Models, and based on today’s exposures, insured average annual losses (AAL) from North Atlantic Hurricane wind could increase by as much as 24 percent by 2050 , and European Flood risk AAL could increase by up to 59 percent by 2050 , based on no mitigating factors taken.

RMS Global Catastrophe Model Leader Launches First Climate Change Models, Enabling New Risk Insights

RMS Global Catastrophe Model Leader Launches First Climate Change Models, Enabling New Risk Insights Sponsored Content By Newswire | May 6, 2021 New Climate Change Models Show Impact of Climate Change on Losses; Losses from Hurricanes Could Increase by 24 percent by 2050 Newark, Calif., May 5, 2021 – RMS, the world’s leading catastrophe risk modeling and solutions company, revealed that according to its new Climate Change Models, and based on today’s exposures, insured average annual losses (AAL) from North Atlantic Hurricane wind could increase by as much as 24 percent by 2050[ ], and European Flood risk AAL could increase by up to 59 percent by 2050[ ], based on no mitigating factors taken.

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