Filed Under:Risk Management, Captives

RMS Version 11.0: Impact on Jan. 1 Renewal Rates ‘Noticeable but Not Dramatic’

But pricing changes could be more pronounced in spring, summer negotiations

Those who were anticipating rates to harden due to substantial updates to Risk Management Solutions’ (RMS) U.S. hurricane model say the impact has—so far—turned out to be less than expected.

RMS Version 11.0 “wasn’t the driving factor that many people thought it would be when it came to renewals in January 2012,” says Insurance Information Institute President Robert Hartwig.

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