Saudi Re adopts RMS models as it steps up expansion in Asia

The Saudi Reinsurance Company (Saudi Re) has adopted RMS models and services as it seeks to gain a more comprehensive view of the Asian market.

Saudi Re has enhanced its risk analysis capabilities across multiple geographies including India, China, and the Philippines as it expands its activities and client base in the Asian market. It is also enhancing its in-house ability to assess risks, particularly in Asia.

Fahad Al-Hesni, managing director and chief executive officer at Saudi Re, said: “Being the first to acquire RMS models in the Saudi and Gulf Cooperation Council re/insurance market, we expect that our use of RMS models will increase value, and ultimately profitability, to all our global clients when managing their risk.”

Pat McCarthy, executive vice president of client development at RMS, said: “With this deal, the reinsurance and insurance markets in the Middle East and Saudi Arabia are able to take full advantage of the latest science and technology to help navigate the evolving risk landscape. Our continued investment in our models and services aims to give Saudi Re full confidence that they will be in the best position to proactively support their own clients and goals.”