The acquisition will immediately increase Moody’s insurance data and analytics business to nearly $500 million in revenue and will accelerate the development of the company’s global integrated risk capabilities to address the next generation of risk assessment.
With over 400 risk models covering 120 countries, RMS is the world’s leading provider of climate and natural disaster risk modeling serving the global property and casualty (P&C) insurance and reinsurance industries.
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Bengal flood situation remains critical; 3 lakh affected
Maha govt announces Rs 11,500-crore package for aid to flood victims, repair works
A sum of Rs 7,000 crore has been earmarked for undertaking long-term measures to minimise impact of future floods, said the statement.
The financial assistance would include Rs 5,000 to every family affected by floods. The state government has relaxed the previous condition of houses being underwater for 48 hours to qualify for compensation, it said.
Similarly, totally damaged houses will get financial assistance Rs 1,50,000 per home, while houses with minimum damage of 50 per cent will get Rs 50,000, the statement said.
Partially damaged houses will get Rs 25,000 per home, the statement said.
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