NEWARK, Calif.–(BUSINESS WIRE)–May 6, 2020–
The world is experiencing the extraordinary crisis of the COVID-19 pandemic, coupled with the never-ending climate crisis and escalating cyber threats. Markets, supply chains, economies, societies and assets can be highly susceptible to shocks and damage from these dynamically shifting risks, posing major challenges to understanding the impacts of these risks and to recovery. Today, at the annual Exceedance ® conference, RMS, the world’s leading catastrophe risk solutions company, underscored the high cost that both acute and chronic risks pose while demonstrating that informed decision-making requires next-generation risk insights. To help address these challenges, RMS announced new model updates during the conference – focusing on infectious diseases, climate and cyber risk.
During his keynote presentation today, Mohsen Rahnama, Executive Vice President, Models, at RMS, compared lessons from COVID-19 to the response to climate change: “Over the last 120 days, every daily action has been critical…
