BOSTON—Risk Management Solutions has unveiled a new, open platform it says will enable insurers to manage models and exposures in minutes rather than months.

RMS(one) revealed to clients this week at the firm's client conference, Exceedance, after four years of developing the cloud-based product set to launch in spring 2014.

CEO Hemant Shah took to the open stage May 8 with three large screens behind him to the sound of Talking Heads' “Once in a Lifetime” and began to tell attendees in the large, packed conference room just how he got here.

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