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How To Relax When Catastrophe Risk Modelling

RMS has announced the RMS(one) Developer Network to provide a connection point for RMS client and partner developers to integrate tools, applications, and models with RMS(one).

RMS software works for catastrophe risk models in real-time risk management environments.

The RMS(one) Developer Network will give access to the RMS(one) Model Development Kit (MDK) and RMS(one) Application Programming Interface (API).

Using the RMS(one) API, clients and partner developers will have the ability to program against an open platform to extend the capabilities of RMS(one). The network will provide software to integrate and build applications, tools, and services that use the platform, including documentation, developer support, and the RMS(one) API SDK — a set of tools, code libraries, and sample code designed to speed up the integration and development process.

For client and third-party model developers, the RMS(one) MDK enables the development of new models and the translation of existing models to host on RMS(one), enabling software application developers working for insurers, reinsurers, and brokers to run their businesses using whatever combination of proprietary and commercial catastrophe models they choose and operate those seamlessly on a single platform.

"Technology companies are often defined as much by their ecosystem as their own products. Companies such as Apple and Salesforce.com have unlocked possibilities by empowering developers to build on top of their products," said Heidi Roizen, DFJ Venture Capital operating partner and RMS board advisor. "The RMS(one) Developer Network brings this kind of innovation to the insurance industry, creating a platform that is scalable, adaptable, and extensible."

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