Verisk Pioneers New Approach to Catastrophe Risk with Release of Next Generation Models

April 8, 2024

https://www.globenewswire.com/news-release/2024/04/08/2859076/0/en/Verisk-Pioneers-New-Approach-to-Catastrophe-Risk-with-Release-of-Next-Generation-Models.html

JERSEY CITY, N.J., April 08, 2024 (GLOBE NEWSWIRE) — Verisk, (Nasdaq:VRSK), a leading global data analytics and technology provider, has announced a monumental leap forward in global catastrophe modeling and risk analysis with the launch of Verisk’s Next Generation Models (NGM). This suite of 100+ models will be implemented by insurers and reinsurers to evaluate risk across the globe with a new financial modeling framework designed to reflect anticipated insured losses from extreme events more accurately than ever before. These advances from Verisk’s Extreme Event Solutions business are now available on Verisk’s pioneering catastrophe risk management software platform, Touchstone, which is used by the top ten U.S. P&C insurers and nine of the top ten global P&C insurers.

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