RMS expands climate change models
Catastrophe modeller RMS has expanded its suite of climate change models, enabling customers to assess a wider range of perils and regions.
The new models will be available in June for major perils including US Flood, US Wildfire, and Japan Typhoon (including tropical cyclone induced inland flood).
The existing North Atlantic Hurricane Climate Change Model will now incorporate sea-level rise projections for the US, including the impact of vertical land movement such as areas of land sinking in the Gulf region.
RMS says its climate change models address a growing need for climate change analytics in operational underwriting and portfolio management activities, and support the increasing demands of regulatory requirements.
The new models will complement the existing suite launched last year, including Europe Flood, Europe Windstorm, and North Atlantic Hurricane Climate Change Models.