Special Ep Mike Steel Moody's RMS: Answering a whole new set of questions

Today I’m talking to someone with an incredibly long and varied
career at the intersection between science, technology and
insurance and reinsurance, on both the broking and underwriting
sides of the business. Now Mike Steel is General Manager of
Moody’s RMS and is serving all facets of the industry from an
independent perspective. The legacy RMS business effectively
invented the insurance and reinsurance modelling industry and
from the evidence that follows, it has been reinvigorated by its
acquisition by global ratings agency and data and analytics firm
Moody’s. I often liken the business of modelling to being a
precision arms manufacturer when there’s a war on – demand for
your products is insatiable. These days as formerly secondary
perils become indistinguishable from primary threats and new
digital and environmental ones are being created all the time, it
is clear that the insurance war is opening up on multiple new
fronts. Being part of Moody’s is giving this business a whole new
perspective on the world of risk, as well as far greater
operational and financial capabilities to help measure and
analyse those risks. This could manifest itself in developing new
products for non-insurance financial institutions and
governments, or trying to codify Environmental Social and
Governance factors in a format that the insurance industry can
easily adopt. What follows is a fascinating run through of what
is in Mike’s very varied inbox. It is important and valuable work
that is going to keep Moody’s RMS and Mike very busy for decades
to come. Near the end of this Podcast I remark that Mike has a
really interesting job. And after a listen to this episode, I’m
pretty sure you’ll agree LINKS: https://www.rms.com/