IUMI is pleased to announce that Risk Management Solutions (RMS) has joined IUMI as a Professional Partner. RMS, founded in 1988 at Stanford University, is the world’s leading provider of models, data and software for catastrophe risk management.

RMS has over 1,100 employees and its multidisciplinary development team includes more than 250 experts in hazard research, actuarial science, engineering, and software development. Headquartered in Newark, California near Stanford University, RMS also has offices in major insurance hubs worldwide including London, Singapore, Zurich and Tokyo.

Peter Ulrich, RMS Senior Vice President, presented at the President’s workshop at the IUMI conference this year on the highly topical “Tianjin multi-billion-dollar cargo loss: An aberration or the new normal for the industry”, which was very well received.

RMS and IUMI’s Cargo Committee are currently looking at possibilities to work together on risk accumulation issues. IUMI is looking forward to working with RMS and co-operating on key market issues in the future.