RPS Analytics

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Active hurricane seasons, like 2017, which brought unprecedented damage from Harvey, Irma, and Maria, remind us of the inherent uncertainty of natural hazards and the devastation they can cause.  As we continue to see more volatile weather and storm patterns, we can appreciate the value that lies in catastrophe risk modeling.  Certainly, it is impossible to predict when a catastrophe will strike, but modeling allows us to create a comprehensive risk management and preparedness strategy by identifying, and quantifying, the potential losses from hazard events that may affect your insured’s portfolio. 

RPS Analytics offers in-house access to the industry-leading modeling company, RMS, utilizing state-of-the-art science and methodologies, to analyze commercial properties and industrial facilities for the following catastrophic perils:

  • Earthquake
  • Hurricane
  • Severe Convective Storm (tornado, hail, straight-line wind, lightning)

Through data scrubbing and analysis, we deliver insights on both the strengths and weaknesses of each account, bolster information with secondary characteristic data, and provide scrubbed schedules for quicker import by carriers.  Through modeling, we provide a comprehensive, consultative report for all stakeholders (insured, retailer, broker, and carrier), which includes AAL, PML tables, key drivers of loss, top locations, exposure maps, and a dashboard summary.  We can also provide tornado history data and account specific hazard data, including non-certified flood zones, distance to coast, distance to fault, and liquefaction potential.

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Please feel free to get in touch with us any time regarding our products and services.  We love to receive feedback from our customers.

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RPS Analytics

Let RPS Analytics be your consultative resource. Click to learn more about RPS Analytics and its benefits.

Why Use Analytics

In 2017, RPS Analytics modeled over $750 Billion in TIV with schedules ranging from 1 location to over 45,000 locations. These schedules consisted of some of the following top industries: public sector, real estate & hospitality, nonprofit, religious business, higher education, construction, entertainment, and healthcare.

Ask Yourself

  • Are my CAT limits adequate? Should I buy more or less limits and why?
  • How can my program best be layered?
  • What impact does increasing or decreasing deductibles have on my pricing?
  • What locations are driving the losses, and how can I improve upon these?
  • How should the CAT premiums be allocated for a certain risk?

Benefits of Modeling

  • Greater understanding of a portfolio’s key exposures and drivers of loss
  • Evaluate current policy limits and layers
  • Make more informed recommendations and decisions for the insured
  • Increased marketing effectiveness and deeper relationships with your customers
  • Pricing estimation and negotiation with carriers
  • Use us as a tool for acquisition of new business and retention of current business

Contact Us

With our full suite of analytics solutions, our knowledgeable and seasoned staff are ready to assist you.

  • Blain Hyde
    Vice President - Operations
    630.285.4417