Risk Management Solutions, a provider of products and services for catastrophe risk management, has launched a new software platform that will enable insurance industry professionals to gain a more comprehensive view of their portfolio risk. The RMS Reinsurance Platform will help insurance, reinsurance, and catastrophe management professionals to reduce uncertainty in modeled losses, build a deeper understanding around regional accumulations of risk, and make better-informed decisions about how to allocate their capital.

The reinsurance platform has been designed to manage and supply access to large quantities of data. Users can build and update their portfolios and combine their direct, facultative, and treaty books of business. Increasing workflow efficiency in this way allows catastrophe risk modeling teams more time to be focused on analysis and decision-making.

The software is integrated into the RMS RiskLink modeling platform, which performs the core catastrophe risk analysis. By capturing the RiskLink output and conducting a number of post-analysis functions, the reinsurance platform enables users to gain a complete view of their current contracts and model the impact of adding complex new treaty types and conditions to a portfolio.