MSIG Mingtai partners with Moody’s RMS on earthquake, typhoon risk models

MSIG Mingtai, a part of  Mitsui Sumitomo Insurance Group, has partnered with global catastrophe risk modeling and solutions company Moody’s RMS to enhance its earthquake and typhoon risk analytics through the use of  Moody’s RMS Taiwan Earthquake and Typhoon risk models.

Mingtai was established in 1961, and in 2005, merged with international insurer Mitsui Sumitomo Insurance Group, to become MSIG Mingtai.

Yosuke Matsunobu, chairman, and Calvin Chen, president, MSIG Mingtai, said: “In addition to fulfilling the required evaluation standards for natural catastrophe risks as part of the wider MSI Group, using Moody’s RMS models also helps us better manage catastrophe risk accumulation, and to securely deliver our insurance services with greater peace of mind. We are committed to working closely with our clients, and by sharing valuable insights using high-quality exposure data, as a business MSIG Mingtai can help our clients to better mitigate earthquake and typhoon risks.”

Andrew Hare, managing director, Moody’s RMS, stated: "Moody's RMS is dedicated to supporting our clients' risk management requirements across all regions and geographies. Our unique combination of scientific expertise and advanced technology allows us to consistently provide the necessary information for effective risk management decisions. We are delighted to collaborate with MSIG Mingtai, a company known for delivering exceptional levels of service and support to their clients."

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