Modelling agency Risk Management Solutions (RMS) launched its new Paradex US Earthquake (PUE) parametric index for estimating insured losses from US quakes last week.
Confirming a move first revealed by our sister publication, Trading Risk, RMS unveiled its third natural catastrophe index under the Paradex banner, albeit after the launch was stalled by market disruption in 2009.
US quake is the latest peak zone to be covered by the firm's parametric industry loss index, following the launch of a US...
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