Press release
Verisk Acquires Nasdaq Risk Modelling for Catastrophes to Further Expand the Global Extreme Event Risk Assessment Ecosystem
The combined technologies will provide (re)insurers and brokers with access to wider views of risk, facilitating global resilience for individuals,
About this update from Nasdaq, Inc.
[{"type":"text","content":"The combined technologies will provide (re)insurers and brokers with access to wider views of risk, facilitating global resilience for individuals, communities and businesses\n BOSTON and NEW YORK, April 2, 2025 — Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, and Nasdaq (Nasdaq: NDAQ) today announced that Verisk has acquired Nasdaq subsidiary Simplitium Limited, which owns and operates Nasdaq Risk Modelling for Catastrophes (NRMC), a SaaS platform that supports an open ecosystem where specialized model partners make their models, hazard data and analytics available to the industry to help assess and address the global insurance protection gap. The acquisition will provide Verisk clients with access to 300+ third-party models, providing unique, niche views of risk across the globe.\n NRMC is powered by the OASIS Loss Modelling Framework, the industry standard for open-source catastrophe risk modelling, and delivered as a cloud-based service. With access to a wide array of models and support for in-house developed models, clients will be able to evaluate more views of risk, look at potential losses through different model lenses and apply the models that align with their business needs.\n “We’re excited to welcome this talented team to Verisk,” said Gayatri Natarajan, senior vice president of product management at Verisk. “Verisk risk modelling powers mitigation strategies and disaster financing to narrow the insurance protection gap, reducing uncertainty and empowering people to protect what matters most – their families, homes and livelihoods. Access to more views of risk, especially covering niche areas of risk, strengthens our clients’ ability to make decisions that will deliver resiliency to our communities and businesses.”\n Built on Open Standards, the platform standardizes and streamlines data exchange, allowing (re)insurers to optimize their catastrophe risk strategies with precision and efficiency. Verisk has a long history of supporting open exposure formats, Catastrophe Exposure Data Exchange (CEDE) and the Open Exposure Database (OED), to facilitate accurate and transparent data exchange. This commitment to transparency allows for efficiencies and faster new innovations with common frameworks for encoding, transferring and interpreting data throughout the...