RMS, Eqecat Sign Data Standardization Agreement

Both say the multi-year agreement will help investment managers and insurance underwriters alike streamline modeling workflow and exposure assessment, particularly as those firms increasingly rely on multiple platforms that today operate with proprietary schema.

"We are pleased to enter into this agreement, which will improve the translation of data model inputs. Workflow inefficiencies of moving and translating exposure between models is a time-consuming exercise, and this collaboration is going to save many man hours," says Paul Little, Eqecat's president.