Catastrophe modeler Eqecat says it has finalized a multi-year agreement to be a part of Risk Management Solutions' open, cloud-based platform, RMS(one).
"Transparent data standards for catastrophe modeling benefit Eqecat's clients and the insurance risk transfer marketplace," says Paul Little, president of Eqecat, in a statement. "Workflow inefficiencies of moving and translating exposure between models is a time-consuming exercise, and this collaboration is going to save many man hours."
Eqecat and RMS are set to share data schemes. PC360 attended RMS' client conference, Exceedance, in Boston early in May when RMS(one) was unveiled. There executive explained users of RMS(one) will be able to export data to Eqecat, run the model, and bring the results back to RMS(one).
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