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He is a senior vice president at Risk Management Solutions and oversees the model development carried out in the RMS LifeRisks team. [2] After training in architecture at Christ's College at the University of Cambridge, [3] Coburn completed a PhD thesis in July 1987 on Seismic vulnerability and risk reduction strategies for housing in Eastern ...
The input into a typical cat modeling software package is information on the exposures being analyzed that are vulnerable to catastrophe risk. The exposure data can be categorized into three basic groups: Information on the site locations, referred to as geocoding data (street address, postal code, county/CRESTA zone, etc.)
Analyze Re, a software analytics provider for the reinsurance and insurance industries, became a part of AIR's operational domain in 2016, and then Arium, a company specializing in liability risk modeling, followed in 2017. [6] [7] In January 2022, AIR Worldwide transitioned to the Verisk brand and is now Verisk Extreme Event Solutions.
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Modeled loss: instead of dealing with the company's actual claims, an exposure portfolio is constructed for use with catastrophe modeling software, and then when there is a large event, the event parameters are run against the exposure database in the cat model.
In 2002, it expanded its decision analytics business with the acquisition of AIR Worldwide, a catastrophe modeling firm. [5] In 2004, it entered the healthcare market by acquiring several businesses, through which it offers analytical and reporting systems for health insurers, provider organizations, and self-insured employers.
Residual mean square, a measure of the difference between data and a model of that data; Revenue Management System (or revenue management software), a software system for managing occupancy in hotels and suchlike; RMS (noise reduction) (Rauschminderungssystem), a Dolby-B-compatible compander in the former GDR in the 1980s
RMS 2011 was released in May 2011. RMS 2011 included more new features than any previous RMS version and provided modellers with enhancements to the seismic architecture to allow direct reference between the reservoir models and the 3D and 4D seismic data that the interpretation and modelling is based on. Key highlights of RMS 2011 included new ...