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RMS Offers Commercial Fire Risk Model

Risk Management Solutions announced the launch of its first probabilistic model to enhance the way account underwriters quantify and manage exposure to fire risk. Aimed at primary commercial and

By Staff Writer | Updated on March 26, 2008

Risk Management Solutions announced the launch of its first probabilistic model to enhance the way account underwriters quantify and manage exposure to fire risk. Aimed at primary commercial and specialty insurers and reinsurers, the RMS Account Fire Model provides a link between engineering best practices and the account underwriting process and supplies comprehensive data at the account level.

“Traditionally, fire risk underwriting has been based on limited exposure data and subjective analysis,” says Craig Van Anne, vice president at RMS. “As a decision-making tool to support the commercial underwriting process, the Account Fire Model brings consistency and transparency to the process of calculating fire premiums and selecting risks. By having comprehensive data on the properties within an account, underwriters can be more confident about assessing the profitability of the business they take on.”

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