Risk Management Solutions, the world's largest provider of products and services for catastrophe risk management, has launched a new software platform that will enable insurance industry professionals to gain a more comprehensive view of their portfolio risk.

According to the company, which has clients in Bermuda and around the world, the RMS Reinsurance Platform will help insurance, reinsurance, and catastrophe management professionals to reduce uncertainty in modelled losses, build a deeper understanding around regional accumulations of risk, and make better-informed decisions about how to allocate their capital.

The Reinsurance Platform has been designed to manage, and provide access to, large quantities of data. Users can build and update their portfolios and combine their direct, facultative, and treaty books of business.

The software is fully integrated into RMS' market-leading RiskLink modelling platform, which performs the core catastrophe risk analysis.

By capturing the RiskLink output and conducting a number of post-analysis functions, the Reinsurance Platform enables users to gain a complete view of their current contracts and model the impact of adding complex new treaty types and conditions to a portfolio.

"The RMS Reinsurance Platform represents a significant development in the way risk is managed, and provides a means to analyse and price a wide variety of reinsurance contracts," said Christine Ziehmann, director of reinsurance solutions at RMS. "The powerful and robust analytics behind the Reinsurance Platform allow users to quickly and efficiently answer more business questions than can be answered through model output alone. Combined with the RiskLink analysis engine, the market now has a complete set of tools for making informed reinsurance decisions."

Robert Stevenson, head of exposure management at Kiln Group, said: "The Reinsurance Platform will help to improve the way we manage our portfolio. Having the facility to model additional treaty types and conditions will help us gain a comprehensive view of our portfolio risk more quickly than we can today."

He added: "It is important to us that the system is able to handle large quantities of data, allows us to add complex catastrophe treaties efficiently, and gives us quick access to our total risk exposure. We think that the Reinsurance Platform will considerably improve the processes by which we interpret and make use of RiskLink output."

The RMS Reinsurance Platform is being launched alongside a suite of new and updated catastrophe models and software with version 7.0 of the market-leading RiskLink and RiskBrowser modelling systems.