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Reinsurance News: RMS and Cambridge centre collaborate on new data schema


The Centre for Risk Studies at Cambridge Judge Business School and risk modelling and analytics firm RMS have teamed up to develop a new method of monitoring and reporting insurers’ exposure across multiple different classes of insurance. The scheme titled Data Definitions Document v1.0, addresses 14 different classes of insurance exposure – including casualty, trade credit and surety, agriculture, and life and health. Professor Daniel Ralph, Academic Director of the Centre, said: “A standardised view of risk is necessary to enable a consistent understanding of exposure across multiple insurance portfolios. Understanding this, the Cambridge research team has engaged deeply with the insurance community to develop data standards that align with current practices and are practical to implement.”

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