A.M. BestTV: Power of Computing to Drive Risk Modeling

OLDWICK, N.J.--(BUSINESS WIRE)-- In this A.M.BestTV episode, at the RMS Exceedance 2016 Conference, Miami, FL, risk modelers said that as technology advances, their products will become more powerful tools, which will enable insurers to better hit their targets and use the data they have at hand. Click on http://www.ambest.com/v.asp?v=rms2516nc to view the entire program.

“Risk modeling—whether we are talking about terrorism or cyber—is important and really essential to insurance companies,” said Matt Nielsen, senior director, global governmental and regulatory affairs, RMS. “It is important in terms of understanding how they can produce insurance products that can hit the right mark, hitting the target in the marketplace. Also, whether it is cyber or terrorism, the threats are so dynamic, it makes it even more important for risk modelers to make sophisticated models to get those threats right so that insurance companies can benefit from them,” added Nielsen.

Chris Folkman, director of product management, RMS, said he sees, “risk modeling trying to open up and take into account the network effect of interconnected supply chains, networks, cyber risks and marine port dependency—understanding network modeling in a much more detailed way.”

Other people who appear in this episode include:

• Paul Eaton, associate director, Aon Benfield;
• Rob Savage, director of product management, RMS;
• Tom Sabbatelli, product manager, RMS;
• Matt Olsen, co-founder and president, business development and strategy, IronNet Cybersecurity;
• Julie Serakos, executive vice president, BMS Intermediates;
• Imelda Powers, global chief catastrophe modeler, Guy Carpenter & Company, LLC; and
• Ben Brookes, vice president, capital markets group, RMS.

Full-length interviews are available as well. Go to http://www.ambest.tv/rms16 to see all the interviews.

Recent episodes of A.M.BestTV include:

• Users of Sophisticated Risk Models Can Add Own Data to Mix: Attendees at the RMS Exceedance 2016 Conference said advances in risk modeling are quenching the appetites of users who now have more opportunity to include their own data and experiences: http://www.ambest.com/v.asp?v=rms1516nc.
• Global Reinsurers Face Challenges: A.M. Best’s Robert DeRose, vice president, and Greg Reisner, assistant vice president, review factors shaping today's reinsurance environment, including investment returns, rates, reserving, capital market competition and catastrophe activity: http://www.ambest.com/v.asp?v=bcrm516.
• Information Tsunami Powers Rise of Chief Risk Officers: Attendees at the Ultimate Risk Solutions Conference said advances in technology, demands for more detailed reporting and mounting compliance requirements are elevating the role of chief risk officers in insurance organizations: http://www.ambest.com/v.asp?v=urs516.
• Losses From Alberta Wildfires Could Impact Canadian Property/Casualty Industry: Raymond Thomson, senior financial analyst, A.M. Best, reviews the insurance impact of the ongoing fire near Fort McMurray, Alberta, Canada: http://www.ambest.com/v.asp?v=canadafire516.

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2016 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160523006338/en/

A.M. Best
Lee McDonald, +1 908 439 2200, ext. 5561
Group Vice President, Publication and News Services
[email protected]

Source: A.M. Best

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