They said it couldn't be done. We thought otherwise.
As a graduate student at Stanford, in the heart of earthquake country, I wrote a business plan to spin out university R&D and commercialize a computer model that could quantify earthquake risk in three California cities. With a modest seed investment from my family and an office in my apartment, I convinced a few friends and fellow researchers to join up. Believe me, there was no shortage of skeptics. The financial industry and academic establishment told us that the problem warranted endless study in traditional silos. Venture capitalists struggled to understand what the category and business model would be ("catastrophe risk modeling?"). Fortunately, we were naïve and had the absolute conviction that if we got the right multidisciplinary team in the room, we could create a whole new category of analytic technology—and launch a new industry.
More than two decades later, we are now the world leader in catastrophic risk modeling. From earthquakes and hurricanes to terrorism and infectious diseases, our models provide critical risk management solutions to hundreds of financial institutions around the world. At RMS, we believe knowledge is power. Our work may serve some of the leading industries driving today's global economy, but we also believe it can make a real and positive impact on people's lives. How societies understand and manage risk affects us all. At RMS, our ultimate goal is to help create a more sustainable and resilient global society through a better understanding of catastrophic events.
Based in our headquarters in Silicon Valley and in offices throughout North America, Europe, and Asia, our team of nearly a thousand professionals may be a bit larger than it used to be, but we're as ambitious and innovative as ever. From day one, our passion has been innovation driven by the courage to tackle the problems others say can't be solved. Can we quantify the risks from climate change? Simulate how medical breakthroughs might lead to dramatic improvements in life expectancy? Deliver supercomputing in the cloud? Can our technology platform help transform an entire industry? Once again, they say it can't be done. We think otherwise.
Cofounder, President and CEO
Market leader resources.
Model 50,000-year weather patterns. Build a supercomputer in the cloud. Collaborate on innovations with global impact.
As the market leader in catastrophic risk modeling, RMS helps organizations understand and manage their risk exposure. We build highly sophisticated natural catastrophe risk models as well as models of terrorist acts, pandemic outbreaks, and human longevity. From applying mathematical game theory to terrorist behavior to European wind models, China flood models, and human longevity projections, we drive the science that influences trillions of investment dollars around the globe. Today, the nearly 1000 professionals at RMS are taking on the next generation of modeling and technology problems as we work toward transforming the industry through supercomputing in the cloud.
To us, Craft is everything
At RMS, our multidisciplinary approach brings together individuals with deep expertise across a wide variety of fields and practices, from geology to climatology, medical science, structural engineering, software engineering, and more. This allows us to take a uniquely effective approach to some of today’s most complex science and technology problems. Whether building leading-edge proprietary software or modeling weather patterns on a global scale, here are just a few examples of what we do at RMS.
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- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I worked at Risk Management Solutions full-timePros
This is a company that treats people with respect and dignity. Some of the former laid off employees have it just backwards. RMS was giving them an opportunity to grow, to explore different fields, and to get creative by looking for new jobs. Which is really the best feature of RMS: you are challenged in your level of how much BS you can absorb. Leaders from hell, but teachers for life. The lessons I have taken with me are too numerous to count. Number one: don't work on something (software in the cloud) under somebody (e.g. the now ex-CTO) if nobody really knows what they are supposed to be doing. This lesson came at a price ($100 Million plus), but it was the best education I could have asked for. Priceless. Thank you shareholders. Let me know when the servers from the data centers are up for sale.Cons
I wish RMS' money would have lasted a little longer for us to slack around pretending that we're on track. While I fully embrace new challenges, I envy a little all the people that can still fully ride this wave at RMS. Well done colleagues, you might have some more years to go. And in case you won't get a bonus this year (why would you want that anyway), it might be time to get used to it.Advice to ManagementAdvice
I believe things are going in the right direction, whether that's up or down -- who cares. Maybe another day off per week would be good, folks could get a lot of things done at home (gardening, applying for jobs, stand by the letter box to hear the checks come in).RecommendsPositive OutlookApproves of CEO
Getting an Interview
Getting an Interview
- Application Details
I applied through an employee referral. The process took 2 weeks – interviewed at Risk Management Solutions.Interview Details
Aptitude Test, Interview.
First you will have to pass an aptitude test then you will go through interview phase. There may be more than one round.
Questions about Statistics- Linear Regression, Correlation; Technical-SQL, HR based question, Economics- GDP calculation, Many more questions on behavior, small case studies etcInterview Questions
Negotiation DetailsPlease negotiate. i couldn't though.Accepted OfferPositive ExperienceAverage Interview
- Questions about Statistics- Linear Regression, Correlation; Technical-SQL, HR based question, Economics- GDP calculation, Many more questions on behavior, small case studies etc Answer Question
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Transforming the insurance industry's understanding and quantification of risk.
RMS delivers the world's leading catastrophe risk models in a real-time risk management environment.
More than 400 insurers, reinsurers, trading companies, and other financial institutions trust RMS models, analytics, and metrics as reliable benchmarks for risk pricing, management, and transfer.