RMS Launches Updated Catastrophe Management Software For Treaty Reinsurers

Risk Management Solutions (RMS), Menlo Park, CA, has released an upgrade of its ALM 1.5 aggregate loss module risk management application. RiskLink-ALM 4.0, as the new version is dubbed, is designed to provide treaty reinsurers with new capabilities to underwrite, price and manage catastrophe risk for more than 40 territories worldwide.

The new release includes several new software features, and serves as the platform for accessing RMS risk assessment models for several new territories and perils.

According to Kari Hamstreet, vice president-workgroup applications, "New features include modeling of stop-loss and corporate catastrophe treaties, incorporation of reinstatements and insuring reinsurance, and the ability to view Aggregate and Occurrence Exceeding Probability results side-by-side. Key usability enhancements include more rapid analysis times to meet underwriting requirements, automatic currency conversion, and flexible data import options."

Hemant Shah, senior vice president-marketing, added, "RMS now works with 19 of the top 20 reinsurance groups, and RiskLink-ALM demonstrates our ongoing commitment to the global reinsurance market. With the renewal season underway, RMS client service teams are currently completing installations at client sites in the US, Bermuda, the UK, continental Europe, and Australia."

The Aggregate Loss Module for treaty reinsurance will be complemented by the RiskLink-DLM (Detailed Loss Module) for primary insurance and facultative reinsurance. A major release of RiskLink-DLM is scheduled for early 1999, providing upgraded capabilities for current users of the market-leading IRAS application.