Ironshore Inc. Chooses RMS Account Fire Model

Ironshore (Hamilton, Bermuda), provider of broker-sourced specialty commercial property and casualty coverages for risks located throughout the world, has licensed the Account Fire Model from Newark, Ca.-based Risk Management Solutions (RMS).

Launched in March 2008, the Account Fire Model will enable Ironshore to perform modeling for the pricing and portfolio management of its fire risk. The RMS Account Fire Model is a probabilistic, physics-based numerical simulation of fire hazard. Based on precise building layouts, commonly known fire attributes, and data from fire department operations, the tool will help Ironshore to assess the potential damage and loss from fire, smoke, and water to properties in its portfolio. These results can then be merged with natural catastrophe and man-made peril modeling output for a "total view" of risk.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio