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RMS Revised Model Moving Rates, Shifting Risks to E&S Markets

The Risk Management Solutions Version 11 catastrophe model is shifting rates higher, and causing some risks to move from the admitted market back to excess and surplus lines carriers, but a leader of a managing general agent group cited concerns with the models impact on how insurers underwrite risks.

By Mark E. Ruquet | Updated on May 11, 2012

NU Online News Service, May 11, 11:53 a.m. EDT

The Risk Management Solutions Version 11 catastrophe model is shifting rates higher, and causing some risks to move from the admitted market back to excess and surplus lines carriers, but a leader of a managing general agent group cited concerns with the model’s impact on how insurers underwrite risks.

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