RMS Release USA Wildfire Risk Modelling Tools & Analytics

Recently RMS announced the release of the RMS U.S. Wildfire High Definition (HD) Model, which they claim is the only model solution available to equip the industry with the latest data and science, to enable accurate assessment of wildfire risk throughout the U.S.

As wildfires continue to become more pervasive, recent events such as the 2017 Wine Country Fires and 2018 Camp and Woolsey Fires have demonstrated that there is a critical need for more advanced tools, more granular analytics, and broader geographic coverage in today’s risk modeling solutions.

In partnership with with top insurers, government agencies and mitigation experts such as The California Fair Access to Insurance Requirements (FAIR) and Insurance Institute for Business & Home Safety (IBHS), the model’s data, calibration, and scope was purpose-built to address market gaps.

 

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