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RMS Intelligent Risk Platform from Risk Management Solutions (RMS)

A cloud-based platform for catastrophe risk modeling that supports regulatory capital calculations. It includes capabilities for modeling natural catastrophes, climate risks, cyber risks, and terrorism to inform Solvency II and other risk-based capital requirements with advanced analytics and reporting.

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More about Risk Management Solutions (RMS)

Product analysis by function

Regulatory Capital Calculation Systems for Risk Management

Applications that calculate required capital under various regulatory regimes (Solvency II, RBC, IFRS 17) and optimize capital allocation across business units.
More Regulatory Capital Calculation Systems More Risk Management ...

Regulatory Regime Support
(2 Yes /2 Known /10 Possible features)

Capital Calculation Capabilities
(5 Yes /5 Known /10 Possible features)

Optimization & Capital Allocation
(4 Yes /4 Known /10 Possible features)

Data Integration & Management
(6 Yes /6 Known /10 Possible features)

Reporting & Analytics
(7 Yes /7 Known /10 Possible features)

Governance, Audit, and Compliance
(3 Yes /3 Known /10 Possible features)

Performance & Scalability
(6 Yes /6 Known /10 Possible features)

User Experience & Accessibility
(5 Yes /5 Known /10 Possible features)

Security & Data Protection
(6 Yes /6 Known /10 Possible features)

Implementation & Maintenance
(5 Yes /6 Known /10 Possible features)

Cost Management
(0 Yes /0 Known /10 Possible features)

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Solvency II Compliance Ability to perform capital calculations under the Solvency II regime.		Product description explicitly states support for Solvency II capital calculations.
RBC (Risk-Based Capital) Compliance Supports calculations aligned with NAIC RBC and similar international standards.		No information available
IFRS 17 Integration Seamless capital calculations considering IFRS 17 measurement model.		No information available
Local Regulatory Support Configurability to comply with local jurisdiction capital adequacy rules.		No information available
Rapid Regime Updates Speed at which the system can be updated for new regulatory requirements.		No information available
Multi-jurisdictional Reporting Ability to generate reports per regulation for insurers with cross-border operations.		No information available
Scenario Testing for New Regimes Support for simulating potential changes in regulatory regimes.		RMS models are commonly used to test insurer exposure to potential regulatory regime changes; scenario testing is a core capability of catastrophe models.
Automated Regulatory Reporting Automated generation of regulatory reporting templates and documents.		No information available
Transitional Regulations Support Handles transitional arrangements during regulation phase-ins.		No information available
Calibration Parameter Customization Ability to input custom regulatory parameters for stress testing.		No information available

Standard Formula Calculation Implements prescribed regulatory standard formulae for solvency capital.		No information available
Internal Model Support Supports development and operation of custom internal models.		Insurers use RMS to develop and run internal catastrophe models that feed capital frameworks.
Partial Internal Model Functionality Ability to combine standard and internal models for calculation.		Platform allows mixing regulatory standard-formula peril factors with internal cat models.
Stochastic Modeling Capability to run stochastic simulations for loss and risk distributions.		Monte-Carlo catastrophe simulation is one of RMS’s core engines.
Stress and Scenario Testing Runs what-if analysis for macroeconomic and event-driven scenarios.		What-if and stress testing (e.g. climate change, large-loss scenarios) highlighted in marketing material.
Aggregation Logic Flexibility Customizable aggregation (e.g., risk types, business units).		Users can aggregate risk by peril, region, line of business within the platform.
Scr Calculation Speed Time to compute solvency capital requirement per full calculation cycle.		No information available
Look-through Capability Ability to calculate capital at granular (e.g., fund, asset) level.		No information available
Counterparty Default Modeling Handles capital calculations for credit and counterparty risks.		No information available
Portfolio Import Capacity Volume of insurance policies/assets/portfolios the system can handle in a batch.		No information available

Capital Allocation by Line of Business Ability to allocate capital across multiple insurance product lines.		No information available
Optimization Algorithms Built-in support for optimization (minimizing cost, maximizing return on capital).		No information available
Return on Risk-Adjusted Capital (RORAC) Calculation Generates RORAC figures by line of business, unit, or entity.		No information available
Reinsurance Optimization Models impact of reinsurance structures on required/regulatory capital.		Model output includes gross and ceded losses; optimization of reinsurance towers is a documented use-case.
What-If Allocations Real-time adjustment of allocation scenarios and their capital impact.		Platform allows interactive what-if on layers/attachments in dashboards.
Portfolio Diversification Recognition System recognizes and quantifies diversification effect across portfolios.		RMS explicitly models diversification across perils and geographies.
Interactive Allocation Tool GUI or dashboards for interactive allocation and visualization.		Web demo shows drag-and-drop dashboards for capital allocation visualisation.
Capital Flow Monitoring Tracks and logs capital flows by unit/product/time.		No information available
Limit Management Imposes and monitors capital allocation limits configured by user.		No information available
Optimization Run Duration Time required for a full optimization run given data volumes.		No information available

Data Import Formats Supports a wide range of data import/export formats (CSV, XML, JSON, etc).		RMS import supports CSV, JSON, XML and industry EDII formats.
Core Insurance Platform Integration Connectors to policy, claims, and actuarial administration systems.		Integrations with Guidewire, Duck Creek and other core systems are marketed.
ETL Automation Automated extract, transform, load for large volumes of insurance and asset data.		SaaS platform includes automated nightly ETL pipelines for exposure data.
Data Validation Rules Flexible validation logic for raw and transformed data ingestion.		Users can create custom validation rules during import (per documentation).
Master Data Management Central source of truth for entities, product lines, counterparties, etc.		No information available
Data Quality Score Quantitative indicator of input data quality.		No information available
Audit Trails for Data Changes Comprehensive logs of all data edits and processes.		Audit history for data loads visible in UI and exportable.
Bulk Upload Capacity Maximum file size or record count handled in a single batch upload.		No information available
Automated Data Reconciliation Helps match records between up- and downstream systems.		No information available
Time-Series Data Handling Support for handling historical/versioned data for trend analysis.		Event sets and exposure versions stored with timestamps for trend analysis.

Pre-built Regulatory Templates Out-of-the-box templates for key regulatory filings (QRTs, NAIC blanks, forms S1/S2, etc.).		Solvency II QRT templates available from RMS regulatory reporting module.
Ad-hoc Reporting User-defined dynamic reporting and drill-downs.		Users can build custom queries and drill-downs in the dashboard designer.
KPI Dashboards Customizable dashboard for solvency ratios, capital metrics, and risk indicators.		Capital KPI widgets (SCR ratio, exceedance curve metrics) shown in marketing screenshots.
Data Export Support Flexible options to export data/analytics to Excel, PDF, CSV, etc.		Exports to Excel, CSV and PDF are supported.
Visualization Tools Graphs, heatmaps, and charts for capital requirements, allocations, and attributions.		Interactive loss exceedance curves and heat-maps provided.
Report Automation Scheduling Ability to schedule recurring and periodic report generation.		No information available
User-based Report Access Control Granular data visibility by user or group.		Role based permissions restrict report visibility.
Narrative/Qualitative Reporting Support Structured templates for adding management discussion and analysis.		No information available
Real-time Report Refresh Latency to update dashboards/reports after data changes.		No information available
Historical Comparison Reports Compares current and past capital/risk states.		Dashboards support comparison of current vs historical year exposures.

Full Audit Logging Comprehensive logging of all key events and user actions.		System audit log captures user actions per compliance page.
Change Management Workflow Processes and controls for model/version changes.		No information available
User Access Segregation Granular allocation of permissions to users/roles.		Granular role / permission settings documented.
SOX/ISAE 3402 Compliance Built-in compliance support for internal controls reporting standards.		No information available
Model Governance Controls Track, validate, and approve capital/risk models.		Model approval and version tagging functions available for governance.
Version Control Track multiple versions of calculations and parameter sets.		No information available
End-to-End Reproducibility Ability to reproduce prior calculations given historical data.		No information available
Regulatory Submission Archive Stores full history of submitted documents with time/date stamping.		No information available
Approval Workflow Automation Configurable approval steps for report/model releases.		No information available
Exception Management Tracks, notifies, and escalates process or data anomalies.		No information available

Parallel Processing Capability Can run multiple calculations in parallel, leveraging multi-core/cluster tech.		Cloud architecture distributes calculations across clusters.
Horizontal Scalability Easily adds capacity by adding hardware or cloud resources.		Elastic scaling in cloud is advertised.
Batch Processing Throughput Number of policies/calculations handled per hour.		No information available
Concurrent User Support Number of active users the system can support simultaneously.		No information available
Latency for Large Portfolios Average time to process a large insurance portfolio.		No information available
Disaster Recovery Time Maximum restore time following system failure.		No information available
High Availability Design ensures minimal downtime through redundancy.		RMS advertises 99.9% uptime SLA.
Peak Load Handling System is stress-tested for extreme calculation volumes.		Stress testing at peak cat seasons highlighted in case studies.
Scheduled Job Management Configurable scheduling for routine tasks and calculations.		Users can schedule overnight portfolio recalculation jobs.
Real-time Alerts for Performance Bottlenecks Automated alerts triggered by slow jobs or errors.		System alerts users when calculation queues slow down.

Intuitive User Interface Modern GUI with easy navigation and user-centered controls.		Modern web UI shown in product pages.
Customizable Dashboards Users can personalize workspaces, layouts, and widgets.		Widgets can be rearranged and saved per user.
Multi-Language Support Interfaces and outputs available in multiple languages.		No information available
Accessible Design Conforms to accessibility standards for users with disabilities.		No information available
Mobile Compatibility Optimized for tablet and smartphone access.		No information available
Contextual Help & Tooltips Inline help and documentation integrated throughout the UI.		Inline tool-tips and help centre exist.
Workflow Wizards Step-by-step guides for key capital calculation and reporting processes.		No information available
Personalized Notification Settings Users configure alerts for relevant tasks and milestones.		Users can set email/SMS notifications for job completion.
Single Sign-On (SSO) Integration Seamless authentication with corporate identity systems.		No information available
User Preference Storage Remembers recent activity and preferences between sessions.		Dashboard remembers recent filters and views.

Data Encryption at Rest Encrypts all stored data (database, files).		AWS-based storage encrypted with KMS; stated in security whitepaper.
Data Encryption in Transit Uses secure protocols (TLS/SSL) for all data transmissions.		TLS 1.2 enforced for all connections.
Role-Based Access Control Enforces least-privilege principle for user accounts.		Role-Based Access Control implemented in admin console.
Multi-factor Authentication Supports MFA for improved user login security.		Optional MFA via Okta/SSO per documentation.
Regular Vulnerability Assessments Conducts scheduled penetration testing and hardening reviews.		No information available
GDPR/Data Privacy Controls Features ensuring compliance with GDPR, PDP, and other privacy regimes.		Privacy compliance statement cites GDPR readiness.
Data Masking & Anonymization Protects sensitive data in non-production or extracted data sets.		No information available
Secure Audit Trails Tamper-evident logs for forensic analysis.		Security logs are tamper-evident and exported to SIEM.
Automatic Session Timeout Configurable inactivity timeouts for logged-in users.		No information available
Data Backup Frequency Frequency at which complete data backups are performed.		No information available

Implementation Timeframe Average time from contract to go-live.		No information available
API Documentation Quality Comprehensive developer and integration documentation.		Public developer portal with comprehensive REST API docs.
On-Premises and Cloud Deployment Options Deployable in private datacenter, public cloud, or hybrid setups.		Not as far as we are aware.* Product is delivered only as SaaS; on-prem option not offered.
Automated Upgrade Tools Includes tools for scheduled and on-demand version updates.		Upgrades rolled out automatically across tenants.
Plug-in and Extension Support SDKs and APIs for third-party module integration.		Open APIs allow partners to build extensions.
Configuration Management Tools GUI and scripting for system configuration changes.		No information available
Real-time System Health Monitoring Dashboards and alerts for infrastructure, calculation, and process health.		Status dashboard and alerting available to admins.
Automated Testing Frameworks Pre-built automated regression/unit tests for system reliability.		No information available
User Training and Onboarding Support Comprehensive learning resources and guided onboarding.		RMS University and guided onboarding modules provided.
Vendor Support SLAs Pre-defined response and resolution times for support.		No information available

Transparent Pricing Model Clear and understandable license and usage fees.		No information available
Cost per Calculation Run Average cost of a full capital calculation cycle.		No information available
Discounts for Volume/Scale Bulk pricing for large portfolios or multi-entity installations.		No information available
Maintenance and Upgrade Fees Visibility of ongoing support/upgrade charges.		No information available
Pay-per-Use Options Flexible pricing for occasional or burst usage.		No information available
On-demand Infrastructure Pricing Cost of compute and storage usage is tracked and managed if on cloud.		No information available
Bundled Support Services Support, upgrades, and training included in a single fee.		No information available
Automated Cost Reporting Dashboards and statements of system usage and incurred costs.		No information available
License Utilization Monitoring Tracks product license usage against maximum allowed.		No information available
Capacity-Based Tiering Pricing based on data/portfolio size or user numbers.		No information available

RMS Intelligent Risk Platform from Risk Management Solutions (RMS)

Product analysis by function

Regulatory Capital Calculation Systems for Risk Management

Regulatory Regime Support (2 Yes /2 Known /10 Possible features)

Capital Calculation Capabilities (5 Yes /5 Known /10 Possible features)

Optimization & Capital Allocation (4 Yes /4 Known /10 Possible features)

Data Integration & Management (6 Yes /6 Known /10 Possible features)

Reporting & Analytics (7 Yes /7 Known /10 Possible features)

Governance, Audit, and Compliance (3 Yes /3 Known /10 Possible features)

Performance & Scalability (6 Yes /6 Known /10 Possible features)

User Experience & Accessibility (5 Yes /5 Known /10 Possible features)

Security & Data Protection (6 Yes /6 Known /10 Possible features)

Implementation & Maintenance (5 Yes /6 Known /10 Possible features)

Cost Management (0 Yes /0 Known /10 Possible features)