RMS releases first commercially available influenza pandemic probabilistic risk model

Risk Management Solutions (RMS) has released the RMS Infectious Disease Model, claimed to be the first commercially available probabilistic model for assessing the risk of influenza pandemics across multiple countries.

The RMS model allows life/health insurers and corporate risk managers to quantify mortality and morbidity from nearly 2,000 potential pandemic influenza scenarios, taking into account such factors as likelihood of the pandemic occurring, infectiousness and lethality of the pandemic, demographic impact, location of outbreak, pandemic lifecycle, vaccine production, and national countermeasures. The model covers 31 different countries that collectively comprise over 95 percent of the global life insurance market.

The model can be leveraged to allow corporate risk managers to understand the operational impact and estimated economic loss associated with a full range of influenza pandemic scenarios at the company-specific level, such as casualty estimates, calculation of work days lost due to staff sickness, and calculation of days lost due to staff caretaker duties.

http://www.rms.com

•Date: 27th Feb 2007 • Region: World •Type: Article •Topic: Pandemic planning
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