Nasdaq has launched what it claims to be the first independent multi-vendor risk modelling service for the reinsurance industry. The cloud-based solution enables insurers, reinsurers, and brokers to access to a broad range of best-of breed risk models from a number of providers through a single service. The service is powered by the latest version of the Oasis Loss Modelling Framework, an open source catastrophe modelling framework, offering clients faster modelling time, flexible reporting output and broader modelling for financial structures. The cloud-deployed service also offers a Rest API to enable rapid integration with external systems.
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