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ZURICH, SwitzerlandRisk Management Solutions, the U.S.-based naturalhazard risk modeler, has acquired HailCalcEurope, the first fully probabilistic hail loss simulation software for Europe, the company announced Monday.
The model was built by a team of meteorologists in conjunction with Swiss Reinsurance in Zurich and has been actively used to assess hail risk in Europe since 2004, RMS said.
"RMS is excited to offer the HailCalc Europe technology to a wide range of industry-users through its extensive global support network," said Jörg Müller, vice president of RMS Zurich. "There is an increasing demand for hail modeling in Europe, and together with recent and upcoming releases of new flood and earthquake models, RMS clients will be able to model key drivers of loss across most of continental Europe."