Turkish Catastrophe Insurance Pool Leverages RMS Earthquake Model
RMS reported that it conducted the risk analysis for a new catastrophe bond issued through Bosphorus, using the RMS Europe Earthquake Model.
In a release, the Company noted that the bond is sponsored by the
"After the positive outcome of the Bosphorus 1 Re transaction in 2013, TCIP and RMS collaborated once again to create a new index, using ground motion observations across an expanded network of 73 strong-motion seismometers," said
RMS said that its Europe Earthquake Model uses a pan-European seismic source model to assess earthquake hazard in
"The successful Bosphorus deal shows that investors are keen to take on diversifying perils when the risks are adequately understood through robust modeling," said
RMS models and software help financial institutions and public agencies evaluate and manage catastrophe risks throughout the world, promoting resilient societies and a sustainable global economy.
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