Nasdaq Launches New Risk Modelling Service for the Insurance Industry
Nasdaq, Inc. (NDAQ)
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Source: GlobeNewswire
STOCKHOLM, Sweden and LONDON, April 27, 2020 (GLOBE NEWSWIRE) -- Today Nasdaq (Nasdaq: NDAQ) announced the launch of its upgraded Nasdaq Risk Modelling service, the first independent multi-vendor risk modelling service for the reinsurance industry. The cloud-based solution enables insurers, reinsurers, and brokers to unlock access to a broad range of best-of breed risk models from a number of providers through a single service, increasing ease of model accessibility and strengthening risk management programs. While currently focused on natural catastrophes, with models spanning earthquakes, hurricanes, floods and a number of other perils, Nasdaq aims to roll out the service more broadly to cover other insurance-related risks in the future. The upgraded Nasdaq Risk Modelling service is powered by the latest version of the Oasis Loss Modelling Framework, an open source catastrophe modelling framework, offering clients increased performance, scalability and enhanced functionality such
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