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"The award is a testament to the market’s appetite for our risk models, analytics, and insight,” said Victor Roldán of RMS.

"Colombia is heavily underinsured. If you look at insurance penetration ... Colombia is about a quarter of where it should be," said John Nelson, chairman of Lloyd's of London.

"Colombia has one of the highest seismic hazards in South America," said Victor Roldán of RMS.

"Looking at the kinds of disasters in Colombia, I think systems like ours make a lot of sense," says Anand Anupam of Unified Messaging Systems.

Not counting the rest of Colombia, Bogotá and Medellín alone face a total of $43.97 billion USD of risk over the next decade, according to analysis by Lloyd’s of London. Human created risks, such as terrorism, cyber attacks, or market collapse make up 45% of the measured risk....