Newark, Calif.--Responding to increases in the frequency and severity of global terrorist activity in each of the past three years, Risk Management Solutions (RMS), the world's leading provider of products and services for the management of catastrophe risk, today announced the launch of a new suite of tools designed to help insurers and reinsurers manage terrorism risk outside the U.S. The tools include the industry's first Global Terrorism Risk Model, as well as a multi-country expansion of the RMS(R) Terrorism Scenario Model and accumulation management functionality in the company's RiskLink(R) catastrophe management software.
"Over the past two years, we have seen increased adoption of terrorism risk management tools for the U.S. within the insurance industry. Now our clients are looking for analytical tools to more knowledgeably underwrite and manage terrorism risk beyond U.S. borders," said Hemant Shah, RMS president and CEO. "Our new set of tools for global terrorism risk management addresses this need, equipping insurers and reinsurers to assess the risk in essentially any country in the world."
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