Verisk Acquires Nasdaq’s Risk Modelling Platform to Broaden Global Catastrophe Risk Assessment

On April 2, 2025, Verisk announced the acquisition of Simplitium Limited, a Nasdaq subsidiary that owns and operates the Nasdaq Risk Modelling for Catastrophes (NRMC) platform. This strategic move brings more than 300 third-party catastrophe risk models into Verisk’s ecosystem, significantly expanding access to specialized, niche views of risk for reinsurers and brokers around the globe.

The NRMC platform, based on the open-source OASIS Loss Modelling Framework, enables clients to evaluate risks using a wide range of third-party and in-house models. Delivered as a cloud-based service, it supports Verisk’s mission to close the insurance protection gap and empower better disaster preparedness and recovery strategies.

Verisk plans to integrate NRMC into its Extreme Event Solutions division, reinforcing its commitment to transparency and open standards in data exchange. The acquisition supports Verisk’s long-standing advocacy for formats like CEDE and OED, which are used for encoding and interpreting catastrophe risk data.

Nasdaq sees the transaction as part of a strategic refinement to focus its efforts within financial technology. No financial terms were disclosed, and the deal is not expected to materially impact financial results.

Contacts:
- **Verisk**: Ali Herbert, ali.herbert@verisk.com
- **Nasdaq**: Andrew Hughes, andrew.hughes@nasdaq.com

More information: [verisk.com](https://www.verisk.com) | [nasdaq.com](https://www.nasdaq.com)