RMS touts new product that can estimate earthquake losses

01/21/2010 | PropertyCasualty360

Risk Management Solutions unveiled a parametric index designed to estimate insured losses from earthquakes. The product -- Paradex U.S. Earthquake -- makes use of U.S. Geological Survey ShakeMaps and the industry's exposure data to calculate the loss estimates for use in structuring and monitoring catastrophe bonds and other financial documents.

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