Risk Management Solutions, Inc. (RMS) is a global risk modeling and analytics firm headquartered in Newark, California. The company provides software, services, and expertise to help financial institutions and public agencies evaluate and manage catastrophe risks throughout the world. RMS models and simulates the impact of natural catastrophes, such as hurricanes, earthquakes, and floods, as well as man-made disasters, such as terrorism and pandemics. The company's clients include insurance and reinsurance companies, hedge funds, banks, corporations, and governments. RMS was founded in 1988 by Stanford University scientists who developed the first probabilistic model for earthquake risk assessment. The company has since expanded its modeling capabilities to include other types of natural and man-made catastrophes.