Risk Management Solutions

According to its website Risk Management Solutions was

Founded at Stanford University in 1988, RMS is the world's leading provider of products and services for the quantification and management of catastrophe risks. The company grew rapidly in the 1990s offering technology and services for the management of insurance catastrophe risk associated with natural perils such as earthquakes, hurricanes, and windstorms, as well as products for weather derivatives and enterprise risk management for the P&C insurance industry. Today, RMS is also the leader in risk modeling for man-made disasters associated with acts of terrorism by analyzing the impact of weapons of mass destruction on property and people for many sectors of the insurance industry. The company’s objective is to help clients improve financial performance by using RMS products and services to gain the most complete view of their risk portfolio.

Terrorist Risk Advisors Network

A World-class Team of Advisors

The development of the RMS® U.S. Terrorism Risk Model has involved the input of an extensive team of highly qualified advisors, all of which are authorities in their field of assessing terrorism threats.

• RAND Corporation
• RAND Center for Terrorism Risk Management Policy
• Centre for the Study of Terrorism and Political Violence, University of St. Andrews, Scotland 'RMS is currently sponsoring the RMS Terrorism Research Fellow, at CSTPV, University of St. Andrews.'
• Jane's Information Group
• Institute of Defense & Strategic Studies, Singapore. 'RMS is currently sponsoring a Visiting Fellowship for Terrorism Studies at TPVP.'

Individual Contributors

Individual consultants who contributed to the development of the RMS® U.S. Terrorism Risk Model include the following:

• Dr. Rohan Gunaratna Head of terrorism research, Institute of Defense & Strategic Studies, Nanyang Technological University, Singapore

Terrorism threat from Al Qaeda and associated groups

• Dr. Magnus Ranstorp Director, Centre for the Study of Terrorism and Political Violence, University of St. Andrew's

Terrorism threats from Islamic militant groups and political violence in Middle East

• Dr. Bruce Hoffman Vice president for external affairs and director, RAND, Washington, D.C.

Terrorism risk in the U.S.

• Dr. K. Jack Riley Director, RAND Public Safety and Justice

Homeland Security

• Dr. Robert Reville Director of the RAND Institute for Civil Justice

Terrorism compensation & liability

• Dr. Darius Lakdawalla Associate economist at RAND and a faculty research fellow at the National Bureau of Economic Research

Probabilistic modeling and economics of terrorism risk

• Dr. Brian Chow Senior physical scientist at RAND

Loss modeling and the defense and control of terrorism weaponry

• Dr. Greg Jones Senior defense policy analyst at RAND

Chemical, biological, radiological, and nuclear weapons in terrorism

• Dr. George Zanjani Economist in the capital markets function of the research and market analysis group of the Federal Reserve Bank of New York

Economics of terrorism insurance

• Dr. Brian A. Jackson Associate physical scientist at RAND

Emergency response to terrorism incidents

• Dr. Kim Cragin Associate international policy analyst at RAND

Historical data on terrorism attacks

• Dr. Gregory Treverton Senior policy analyst at RAND

Terrorism, intelligence, and law enforcement

• Dr. Lois Davis RAND

Defense and security at targets

• James Quinlivan Senior analyst at RAND

Systems analysis research

• Pete Baxter Director, global consultancy operations, Jane's Information Group

Attack technology, logistical burden, and red teaming analysis

• Michael Dell Director, Jane's Information Group

Terrorism intelligence and news analysis

• Mark Mateski Consultant and project manager, Jane's Information Group

Red teaming, site security, and logistical burden

• David Kuhn Jane's Information Group

Weapons systems and unconventional attack operations

• Charles Heyman Editor, Jane's World Armies, senior military advisor, Jane's Information Group

Site security

• Paul Mahoney & Laura Dake Jane's Information Group

Security survey of New York skyscrapers

• Roger Davies Hazard Management Solutions Ltd., editor of TRITON terrorist activity database

Consultant on attack technology (RMS terrorism model 1.0), provider of data and reports (RMS terrorism model 2.0)

• Dr. William Kastenberg Professor of nuclear engineering, University of California, Berkeley and member of the Advisory Committee on Nuclear Facility Safety for the U.S. DOE

Nuclear power plant safety against terrorist attack

• Rich Balzano Consultant, Jane's Information Group

Nuclear power plant operations and security

• Prof. Lawrence M. Wein Professor of management science at the Graduate School of Business, Stanford University

Bioterrorism attacks and emergency response

• Mark Sauder Consulting engineer

Industrial facilities vulnerability

• Malcolm Cowler Senior engineering analyst, Autodyn

Use of computational fluid dynamics for blast modeling

Clients

Who We Serve

More than 400 insurers, reinsurers, trading companies, and other financial institutions rely on RMS to obtain the most complete view of their natural hazard risk. RMS products and services enable our clients to make informed decisions and improve bottom-line results on an ongoing basis. Our aim is to see clients achieve financial stability while optimizing profitability and growth.

Sample Client List

Ace Tempest Reinsurance, Ltd. Aon Re Services Inc. BP Energy, Inc. Chubb & Son Division of Federal Insurance Group. Copenhagen Reinsurance Co. Danish Re Fairfax Financial Holdings Ltd. Financial Security Assurance, Inc. Guideone Services LLC Halifax General Insurance Services Ltd. Hess Energy Trading Company, LLP Holborn Corporation Insurance Corporation of Hannover Mapfre Re Markel Corporation Pause Insurance Services Renaissance Re Holdings Ltd. Risk Control Strategies of Marsh USA, Inc. Scor U.S. Corporation SIU Managers, LLC Societe Generale St. Paul Fire & Marine Ins. Co. Swiss Re Underwriters Agency, Inc. Tokio Millenium Re Towers Perrin Reinsurance Company