RMS

Overview

RMS, founded in 1988 and based in the United States, operates within the Business Services industry, specifically focusing on custom software and IT services, as well as information services related to various sectors including travel, hospitality, and healthcare. The company employs between 1,001 and 5,000 individuals and reported revenue of approximately $329 million. RMS specializes in providing solutions that address the complexities of risk management, particularly in the property and casualty (P&C) insurance sector. Their published white paper highlights the challenges faced by the insurance industry, particularly in managing earnings risk amid increasing occurrences of large-scale catastrophes and the pressure to enhance financial performance. The document discusses the importance of understanding both significant and frequent risk events, emphasizing the need for modernized IT systems and processes to improve resilience within the reinsurance industry. RMS aims to bridge the gap between executive leadership and the intricacies of catastrophe modeling and risk assessment, reflecting its commitment to addressing contemporary challenges in risk management.

Industry