Extreme Event Risk

Model Exchange

Formerly Nasdaq Risk Modelling for Catastrophes (NRMC), Model Exchange is an open ecosystem catastrophe modeling software that gives insurers and (re)insurers unique risk insights to address the global insurance protection gap

Providing (re)insurers and brokers with access to wider views of risk and facilitating global resilience

Between increasingly severe natural catastrophes, the growing impacts of climate change, and shifting regulatory mandates, businesses are under more pressure than ever to better quantify exposure and improve resilience to catastrophe risk.

To further close this global insurance protection gap, Model Exchange aggregates catastrophe risk models and hazard data from more than 300 third-party partners, developing an open ecosystem that provides clients with more options to evaluate exposure than ever before.

Open ecosystem catastrophe risk modeling

Greater transparency enables efficiencies and faster innovations with standardized frameworks for encoding, transferring, and interpreting data throughout the insurance value chain.

Future-proof your investment

New models for new territories and perils are continuously added to the service, and once a model is deployed, it’s ready for you to use.

Access the industry’s widest array of catastrophe modeling globally

With more than 300+ models available through a single service, clients have unparalleled access to niche views of global risk, helping (re)insurers and brokers can price services more accurately, quickly assess new opportunities, and lower their risk of losses.

Evaluate different views of risk and apply the model that aligns with your needs

Powered by the Oasis Loss Modeling Framework

All models by Model Exchange service follow the industry standard for open-source catastrophe risk modeling, promoting model innovation and efficient deployment.

Expert data services

Maximize your data’s performance by outsourcing tasks like cleansing, validating, and modeling.

Fill Modeling Gaps

Ensure there are no unmodeled exposures in your business.

Related resources

Stay in the know about important industry trends and innovative solutions.

Resources

Extreme Event Solutions Client Portal

Access client-confidential downloads, training, and documentation for Verisk’s Extreme Event Solutions model, software, and service offerings.

Brochure

Modeling Extreme Event Risk

Fortunately, extreme events are rare. But it is exactly their rarity that makes estimating losses from – and preparing for – future catastrophes so difficult.

Download the brochure

Report