Verisk Enhances Portfolio with Acquisition of Simplitium Limited
Deal News | Apr 03, 2025 | Re-Insurance News
Verisk, a prominent data analytics and technology firm, has acquired Simplitium Limited from Nasdaq. Simplitium, known for operating the Nasdaq Risk Modelling for Catastrophes (NRMC), will become part of Verisk's Extreme Event Solutions. This acquisition is set to enhance Verisk's capabilities in providing sophisticated catastrophe risk modelling and management solutions to re/insurers globally. The NRMC platform, which operates on the open-source OASIS Loss Modelling Framework, enables the exchange of detailed catastrophe-related data, thus allowing insurers to fine-tune their risk strategies with increased accuracy. This transaction aligns with both Verisk's and Nasdaq's strategic aims; Verisk strengthens its risk management portfolio, whereas Nasdaq fine-tunes its focus on financial technology client engagement.
Sectors
- Data Analytics and Technology
- Insurance and Reinsurance
- Financial Services
Geography
- Global – Both Verisk and Nasdaq have a significant global presence, and the implications of this acquisition affect insurance and risk modelling markets worldwide.
Industry
- Data Analytics and Technology – Verisk operates within the data analytics and technology sector, providing sophisticated analytics that enhance risk management solutions.
- Insurance and Reinsurance – The acquisition directly impacts the insurance sector by improving catastrophe risk mitigation strategies for re/insurers.
- Financial Services – Nasdaq's sale of Simplitium aligns with its focus on deepening client engagement within the financial technology space.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Verisk | Acquirer | Company | A data analytics and technology provider focused on risk management solutions. |
| Simplitium Limited | Target company | Company | A Nasdaq subsidiary that owns and operates Nasdaq Risk Modelling for Catastrophes (NRMC). |
| Nasdaq | Vendor | Company | Global technology company and owner of Simplitium Limited. |
| Gayatri Natarajan | Senior Vice President of Product Management | Person | An executive at Verisk who commented on the acquisition. |
| Magnus Haglind | Head of Marketplace Technology | Person | An executive at Nasdaq who provided insights on the transaction strategy. |