RMS announced its new RMS(one) single, open platform, which provides customized real-time risk intelligence and analytics on a range of mobile devices.
According to RMS, the platform's cloud-based system allows risk managers and executive leaders to make decisions based on data that used to take months to compile.
"RMS(one) is the whole expression of who we are, as RMS and is the embodiment of the mission we have had since we founded the company almost 25 years ago," said Hemant Shah, co-founder and CEO of RMS.
"For the first time in the insurance industry, companies will have the freedom and flexibility to access a wider range of modeling capabilities from RMS, their own modelers and from the modelers of others across the ecosystem. RMS(one) will dramatically crush latency from months to minutes, which will streamline a company's modeling, underwriting and portfolio management processes which will transform their agility and responsiveness in an increasingly dynamic and competitive market."
The program uses RMS's AoS proprietary operating system that enables real-time study of client's large scale exposures according to different risk scenarios. Customer data is protected and segregated on the RMS Cloud database linked to the model.
RMS(one) was revealed to the more than 900 industry professionals attending RMS's client conference, Exceedance 2013, this week in Boston.
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