Press Release (excerpt) - May 29, 2014
RMS(one) Developer Network enables new applications leveraging RMS(one) analytics and its position as a system of record for exposure and risk data
RMS, the world’s leading catastrophe risk management firm, announced that the first commercial partners have joined the RMS(one) Developer Network and are building applications that leverage the RMS(one) application programming interface (API).
These apps extend the range of risk management capabilities available to users of RMS(one), the industry’s first and only real-time exposure and risk management environment. The RMS(one) Developer Network, the first of its kind in the industry, allows developers to tap into the wealth of exposure and risk data and analytics available on the RMS(one) platform and to bring innovative solutions to market. Apps are being developed by individual developers, start ups and large companies alike to extend the capabilities of the RMS(one) platform.
“Members of the RMS(one) Developer Network are building apps that unlock the possibilities of the RMS(one) platform in a variety of ways, from visualization to advanced analytics and pricing tools,” said Alex Barnett, vice president of developer relations, RMS. “By developing apps and integrating data on the RMS(one) platform, clients can create a single source of truth for exposure and risk data.”
New partners include SpatialKey, whose app allows analysts and executives in the insurance and reinsurance industries to visualize and analyze exposure and risk data, and Analyze Re, whose product helps increase efficiency of capital deployment through its portfolio-based risk metrics and optimization platform.
The RMS(one) Developer Network is available to clients and third-party developers and provides all of the tools necessary to build apps leveraging the RMS(one) platform. RMS(one) Developer tools include the RMS(one) API and RMS(one) Model Development Kit (MDK), which enables RMS client and partner developers to integrate tools, applications and models with RMS(one).
“We are thrilled to seamlessly integrate SpatialKey solutions with RMS(one), making risk intelligence readily accessible and extending analytic and operational value to our mutual clients,” said Tom Link CEO of SpatialKey. “RMS is the industry leader in catastrophe modeling and is uniquely positioned with RMS(one) to undertake this tremendously ambitious and exciting ecosystem approach.”
“Only the RMS(one) ecosystem gives us the exposure in the industry we need to be able to reach more customers,” said Adrian Bentley, CEO of Analyze Re. “Working with RMS gives us the credibility as a start-up that we wouldn’t have if we had not been a part of the RMS(one) ecosystem.”
Full press release can be accessed here.