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RMS, a Newark, Calif.-based risk modeling and analytics firm, has announced that Colin Kerley has joined as senior VP, platform solutions. Kerley will work together with both the RMS market and product development teams to identify the best solutions for clients through a clear appreciation of their business and strategic imperatives. He reports to Michael Steel, head of the recently formed RMS global solutions practice.
Michael Steel, Head, RMS Global Solutions.
“Colin brings a thorough understanding of the risk management and growth opportunities available to our clients when using best-in-class risk analytics to inform their decision-making,” comments Steel. “His knowledge and expertise will be central to our clients’ smooth adoption of solutions powered by RMS(one)—an open, big data and analytics platform that is purpose-built for the insurance industry.”
Kerley joins RMS from AXIS Capital, where he was senior VP, group risk management, with specific responsibility as head of capital modeling, and chief risk officer for AXIS’s European legal entities. Prior to AXIS, Colin worked in the ReMetrics team at Benfield, and with the insurance-linked securities (ILS) team at Barclays Capital.
New Compute Power for Risk Management Decisions
“While the industry has always been data-driven, we now have the compute power to take full advantage of that data,” Kerley comments. “It’s an exciting opportunity for the industry, though one which requires a degree of caution; the risk management decisions made by our clients are backed by capital, which need to be informed by sound data analytics to avoid loss. That’s why RMS has designed the RMS(one) platform specifically for our industry.”
“Risk analytics that are powered by a transparent and open analytics platform, provide the requisite safeguards for our clients and will unlock the full potential for growth that big data brings,” Kerley adds.