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Newark, Calif. – February 24, 2006 – Risk
Management Solutions (RMS), the world’s leading provider of products
and services for the management of natural hazard risk, released
version 5.0 of its Climetrix® weather derivatives trading and risk
management system. The upgrade includes a number of new features
designed to enhance the user experience in work flow, process, and
reporting capabilities.
Climetrix 5.0 introduces a capability that allows
users to schedule automatic analyses and have the results delivered
to them via e-mail or sent to a client-specified FTP address.
Additionally, it includes an option that enables users to price
‘covered call’ or ‘covered put’ contracts as single structures and
generate a new report that shows the source of any changes in
portfolio valuation from one analysis to another. Among other
features, Climetrix 5.0 allows users to generate premium and
settlement invoices for all relevant counterparties and contracts in
any portfolio with the single click of a button.
“The ability to schedule portfolio analyses that
run automatically and deliver results by e-mail allows our clients
to get updated portfolio valuations as soon as new weather or
forecast data becomes available,” said Jeff Hamlin, director of
weather risk solutions at RMS. “Furthermore, the functionality to
automatically run and send portfolio valuation results to specified
FTPs allows for easy integration of weather portfolio results with
other risk management systems used in the market. This new set of
features dedicated to the user experience is a significant step
forward for Climetrix and its users.”
More information on Climetrix can be accessed
at: http://www.climetrix.com/
About RMS
Risk Management Solutions is the world’s leading provider of
products and services for catastrophe risk management. More than 400
leading insurers, reinsurers, trading companies, and other financial
institutions rely on RMS models to quantify, manage, and transfer
risk. Founded at Stanford University in 1988, RMS serves clients
today from offices in the U.S., Europe, and Japan. For more
information, visit the RMS web site at
http://www.rms.com.
Climetrix, RMS, and the RMS logo are trademarks of Risk Management
Solutions, Inc. All other trademarks are property of their
respective owners.
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