Verisk acquires Nasdaq’s NRMC platform to expand catastrophe risk modelling

Verisk has acquired Simplitium Limited, a Nasdaq subsidiary that operates the Nasdaq Risk Modelling for Catastrophes (NRMC) platform. NRMC, built on the open-source OASIS Loss Modelling Framework, offers access to over 300 third-party catastrophe models and will be integrated into Verisk’s Extreme Event Solutions unit.

The acquisition enhances Verisk’s ability to support (re)insurers with niche and diverse views of risk, improving decision-making and resilience strategies.

It also strengthens Verisk’s commitment to open standards through support for CEDE and OED data formats. Terms of the deal were not disclosed.