NEWARK, Calif.--(BUSINESS WIRE)--RMS, the world's leading catastrophe risk management firm, has named Cory Isaacson CTO. In this role, he will lead the development of RMS(one). Isaacson joins RMS from CodeFutures Corporation, a big data analytics software development firm that has worked on the new design for the RMS(one) platform.
“Cory has more than twenty years experience with advanced software architectures, is recognized as one of the brightest innovators in the field of big data and analytic computing, and has a track record of building successful systems,” said Hemant Shah, RMS co-founder and CEO. “Under Cory's leadership, RMS will deliver RMS(one) as the industry's first true exposure and risk management platform.”
As founder and CEO of CodeFutures, Isaacson created a big data platform designed to remove the complexity and limitations of current data management approaches. As RMS CTO, Isaacson reports to RMS CEO Hemant Shah, and is responsible for the integrated architecture of RMS(one) and leading the RMS(one) development program.
In addition to Isaacson, Chandler Hoisington has joined RMS as vice president of engineering and will report to Isaacson, as will Paul Winsberg, senior vice president of software development. Isaacson will remain a director and advisor to CodeFutures.
RMS(one) will allow companies in the insurance, reinsurance and insurance-linked securities industries to run RMS next generation HD catastrophe models, and also to implement their own models and access the models of a growing ecosystem of third party developers. RMS(one) is designed as an open exposure and risk management platform, where users will be able to express the full range of their exposures and contracts and implement their own analytics on a purpose-built and highly scalable cloud-based platform. With RMS(one), the industry will not only have unprecedented flexibility, but can implement truly real-time and dynamic risk management processes leading to more resilient and profitable portfolios.
About RMS
RMS models and software help financial institutions and public agencies evaluate and manage catastrophe risks throughout the world, promoting resilient societies and a sustainable global economy.