OLDWICK, N.J.--(BUSINESS WIRE)--In this A.M.BestTV episode from the Risk Management Solutions, Inc. (RMS) Exceedance 2016 Conference in Miami, FL, attendees said advances in risk modeling is quenching the appetites of users who now have more opportunity to include their own data and experiences. Click on http://www.ambest.com/v.asp?v=rms1516nc to view the entire program.
“Risk modeling has become a lot more sophisticated and users of catastrophe modeling have become a lot more demanding,” said Christopher Folkman, director of project management, RMS. “This is in terms of wanting to customize the model results and to better understand all assumptions that are going into the models, which would allow them to use the models in much more detailed ways in order to add value to their business process.”
Imelda Powers, global chief catastrophe modeler, Guy Carpenter & Company, LLC, said, “everybody is paying more attention to the data, along with the quality of the input, which is getting better and is having a bigger demand on the transparency of the models.” She also said that users are asking for more robust model analysis.
Other people who appear in this episode include:
- Ben Brookes, vice president, capital markets group, RMS;
- Matt Nielsen, senior director, global governmental and regulatory affairs, RMS; and
- Tom Sabbatelli, product manager, RMS.
Full-length interviews are available as well. Go to http://www.ambest.tv/rms16 to see all the interviews, which includes a discussion with Mark Hope, catastrophe analyst, TigerRisk Partners and Robert Muir-Wood, chief research officer, RMS.
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