Newark, Calif.-- Risk Management Solutions (RMS), the world's leading provider of products and services for the management of catastrophe risk, is now offering software developer tools for its RiskLink and RiskBrowser systems. The RiskTools software development kit allows companies to efficiently integrate key components of RMS products into their internal underwriting and portfolio management systems, allowing users to access RMS decision support tools via internal system interfaces.
"Many companies have chosen to develop their own customized platforms for underwriting and portfolio management, yet they still want to benefit from the modeling and analytical capabilities of RMS products," said Bill Tuttle, vice president of software product marketing at RMS. "RiskTools offers a way to integrate key product features with efficiency and ease, supporting client processes for risk selection, pricing, portfolio management, and risk transfer."
The RiskLink and RiskBrowser applications are the primary access points to RMS' catastrophe risk models and expertise. RiskLink, RMS' core modeling software application, provides property and casualty modeling capabilities for catastrophe perils in more than 50 territories worldwide. RiskBrowser is an intranet-based underwriting system that delivers multi-line account and location level data capture, geocoding, hazard identification, and catastrophe modeling capabilities to underwriter desktops.
Using the RiskTools software development kit, RMS product components from RiskLink and RiskBrowser can be combined with components developed internally by the company or offered by other firms, enabling the company to construct and maintain the portfolio management or underwriting solution that best fits its own workflow. The resulting system can include RMS features for geocoding, hazard retrieval, data validation, accumulation management and portfolio impact, supported by RMS catastrophe models and risk databases.
RiskTools employs Microsoft .NET, a standard industry platform, for efficient linkage of the RMS components with other features of the company's system. The RiskBrowser components are available as a series of .NET Web services communicating via XML, while the RiskLink components are available as a series of .NET APIs.
"The RiskTools components are designed for maximum flexibility in meeting a broad spectrum of client requirements. The potential applications range from companies looking to integrate a single component using internal IT resources, to companies that require a broad selection of components and integration services for development of an underwriting workstation," said Justin Barrow, director of product marketing at RMS. "Fundamentally, RiskTools will facilitate strategic initiatives for companies who wish to create a risk management and decision making infrastructure that is precisely matched to the company's portfolio and underwriting needs."
