Raj Manghani Joins RMS as Vice President of Underwriting Solutions Product Management

Newark, CA – April 8, 2008 – Raj Manghani has been appointed vice president of underwriting solutions product management at Risk Management Solutions (RMS). In this role, Mr. Manghani will lead RMS’ efforts to help insurers use catastrophe modeling to make superior underwriting decisions. His responsibilities will include driving the development and expansion of RMS’ portfolio of insurance underwriting decision-support products, which includes the RiskBrowser® enterprise catastrophe risk underwriting platform, the RiskSearch® Internet catastrophe risk data and modeling site, the RiskTools™ development toolkit, and a broad suite of natural hazard mapping datasets derived from RMS catastrophe models.

Mr. Manghani recently served as executive director, risk analytics product management at MSCI Barra, a subsidiary of Morgan Stanley and one of the leading providers of investment risk analytics to the asset management industry. During his seven years at the firm, he was instrumental in the development and commercialization of Barra's enterprise market risk models and analytics delivered via proprietary Barra software as well as third party platforms. Most recently, Mr. Manghani led a team of the firm's senior researchers and developers to incorporate next generation market risk analytics and models in a hosted platform.

"Only a minority of insurers are taking full advantage of modeling to inform underwriting decisions. There are considerable opportunities for insurers to enhance their underwriting processes by improving data quality, expanding the data and analytics used for understanding catastrophe risk, and embedding models more deeply into the underwriting process, in particular within automated decisioning environments,” said Paul VanderMarck, chief products officer at RMS. “Raj has extensive experience in successfully designing both complex risk analytics for informing financial risk management decisions as well as the application platforms to efficiently deliver these into decisioning processes, and this experience is well suited to helping our clients advance their catastrophe risk underwriting capabilities.”

Prior to Barra, Mr. Manghani held product management roles at Wall Street Access and TransAmerica Life.  He has an MBA and an MS degree in Operations Research from the University of California at Berkeley, and dual BS degrees in Computer Science and Applied Mathematics from Southern Methodist University.  He is a CFA® (Chartered Financial Analyst) charterholder and holds the FRM® (Financial Risk Manager) designation.