The partnership, commencing for an initial 3-year period, will see Neon take an expanded suite of detailed loss modelling tools for multiple perils across Japan, Europe, the USA and Canada. The models will be supported through the RMS Hosting Plus service to provide a dedicated hosting support for its system architecture.

Matthew Washington, Chief Operating Officer, Neon Underwriting Limited, commented:

“RMS is a highly supportive and collaborative business partner and we are delighted to be able to build this relationship. Our investment in their state-of-the-art catastrophe modelling tools and infrastructure will play an important role as part of our strategy to develop Neon’s catastrophe underwriting footprint. Using RMS’ support and expertise will help drive this initiative while also enabling us to ensure that our risk is appropriately managed.”