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RMS releases upgrade to Miu insurance-linked securities management platform


Risk Management Solutions (RMS) have released an upgrade to their Miu insurance-linked securities management platform. Version 2.6 of Miu, a platform that allows investors to analyse and manage portfolios of catastrophe bonds, sidecars, industry loss warranties and reinsurance contracts, includes some new features which provide better insight into underlying risk exposures and more powerful transaction modeling.

The first of the new features RMS Miu 2.6 offers is the ability to create and analyse an industry loss warranty quickly and intuitively using a new ILW Wizard tool. It makes the creation of an ILW much simpler but still caters for modeling of complex multi-peril ILW contracts too.

A new set of non-peak industry loss curves (ILC) have been added to Miu broadening the modeling coverage to include 12 new peril regions. A new Miu Portal has been added to the platform allowing RMS to upload details of an ILS as soon as it has been characterised by RMS, giving clients immediate access. Users will also have access to a wealth of reports and documentation through the new portal.

Version 2.6 also offers greater modeling flexibility by allowing currency sets to be edited directly in the platform and also custom shock analyses can be created and applied during an analysis. As a result ILS investors can simulate scenarios such as the weakening of the U.S. dollar and how that would impact their ILS portfolios and currency fluctuations which can occur after a major catastrophe.

RMS also released a set of benchmark catastrophe bonds, simple representative insurance-linked security structures, to help customers easily compare results from different risk models. More about the benchmark cat bonds can be found here.

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