Catastrophes and Risk Solutions

Model Exchange

Move beyond a single model view. Model Exchange is a governed, vendor-neutral platform with 400+ catastrophe models, empowering defensible risk decisions across perils, regions, and asset classes.

Model Exchange delivers choice

The Verisk Model Exchange platform is a third-party modelling hub, empowering risk evaluation and selection aligned with your organisational goals. We provide access to more than 400 third-party peril models from 20+ providers on one governed platform based on open data standards. Unlock more options than ever to evaluate exposure worldwide, without vendor lock-in or operational complexity.

Vendor-neutral by design, independent by architecture

Model Exchange is vendor-neutral, separating the risk model platform from any single worldview to enable objective, governed evaluation of catastrophe risk. Open data standards increase transparency and accelerate innovation throughout the insurance value chain while preserving auditability and control.

Built for uncertainty and understanding tail risk

Confidently evaluate catastrophe risk by comparing multiple independent models. Develop custom, in-house models and compare diverse scientific perspectives side by side to better understand uncertainty, test assumptions, and make defensible decisions.

Governed model diversity empowers choice with confidence

A model-agnostic approach, combined with seamless integration capabilities, delivers multiple views of risk across 400+ models from 20+ vendors—all within a single, scalable, cloud-native environment. Deploy, test, and release models with agility, so your risk framework evolves with your business.

Trusted vendors. Independent platform.

Access models from leading providers worldwide on one catastrophe risk modelling platform

Diverse models. One governed platform.

Evaluate diverse catastrophe analytics on a risk model platform that scales with your growth

Unparalleled ease of use

End-to-end API workflow, batch functionality, and built-in exposure validation deliver supreme agility to deploy, test, and release models, saving time at every step.

Built on open data standards

Model Exchange embraces the Oasis Loss Modelling Framework Open Data Standards supporting Open Exposure Data (OED) and Open Results Data (ORD) to deliver consistent, auditable, and interoperable catastrophe modelling.

400+ peril models on a governed risk model platform

Access models from 20+ vendors across perils, regions, and asset classes, enabling structured comparison and a deeper understanding of evolving risk.

Day-one productivity

Cloud-native architecture and browser-based access empower your team to move from onboarding to active modelling with maximum speed and minimal friction.

Beyond nat cat: cyber risk modeling on Model Exchange

Model Exchange evolves with the risk landscape. The same governed, vendor-neutral framework that brought structure and transparency to property catastrophe modeling now gives your team access to multiple independent cyber threat models, side-by-side comparison, and full auditability in one familiar environment.

Multiple independent cyber threat models

Evaluate diverse cyber risk perspectives from independent vendors without adding platforms or operational complexity.

No new platform required

Access cyber models through the same governed environment, open standards, and API integrations your team already uses.

Built for an evolving risk landscape

As the cyber threat modelling ecosystem matures, Model Exchange expands alongside it, giving you flexibility to adopt new models and vendors as the market develops.

Frequently asked questions

What is Verisk Model Exchange?

Verisk Model Exchange is a vendor-neutral catastrophe risk modelling platform giving insurers and reinsurers governed access to 400+ third-party peril models from 20+ providers on a single, cloud-native platform. Built to support models using the Oasis Loss Modelling Framework and other native model formats, it enables risk teams to evaluate multiple independent views of risk side by side, supporting transparent, defensible decisions across perils, regions, and asset classes.

What is the Oasis Loss Modelling Framework, and how does Model Exchange support it?

The Oasis Loss Modelling Framework (Oasis LMF) is an open platform for catastrophe risk modelling adopted across the global insurance and reinsurance industries, providing a consistent modelling format and shared financial engine that enables outputs from different vendors to be compared on an equal footing. Verisk Model Exchange is the first governed, vendor-neutral marketplace purpose-built around Oasis LMF, giving insurers and reinsurers structured access to 400+ models from 20+ independent providers across nat cat and cyber perils on a single platform.

What model formats and frameworks does Model Exchange Support?

Verisk Model Exchange supports the Open Data Standards (ODS), reflecting its commitment to vendor neutrality and simplification of modelling workflows. The platform natively supports OED (Open Exposure Data) and ORD (Open Results Data), the data formats used by Oasis models.

How do insurers and reinsurers compare catastrophe models from different vendors?

Traditionally, comparing vendor models required managing multiple platforms, contracts, and data formats, making true apples-to-apples comparison difficult. Model Exchange removes that friction by bringing models from 20+ independent vendors onto a single, governed platform.

Because all models on Model Exchange use consistent open data standards through Open Exposure Data (OED) and Open Results Data (ORD), risk teams can run multiple models against the same exposure data and evaluate outputs side by side within one environment, making it easier to understand where models agree, where they diverge, and why.

Why is vendor neutrality important in a catastrophe risk modeling platform?

Vendor neutrality gives risk teams the freedom to evaluate multiple independent models side by side, understand where and why they diverge, and build a more defensible organizational view of risk. Model Exchange is neutral by design, meaning the platform has no preferred model worldview and no commercial incentive to favor one vendor over another. That independence is the foundation of objective, governed catastrophe risk evaluation.

How does Model Exchange support defensible risk decisions?

Model Exchange gives risk leaders structured, governed access to multiple independent views of catastrophe perils on one risk model platform. Side-by-side model comparison, transparent assumptions, and full provenance auditability give underwriting, pricing, and capital teams the evidence base needed to justify their risk view to internal stakeholders, reinsurers, and regulators. When models diverge, Model Exchange provides the framework to understand why and document that analysis.

How does Model Exchange support regulatory submissions and Solvency II requirements?

Model Exchange standardizes model inputs and outputs through Oasis LMF's Open Exposure Data (OED) and Open Results Data (ORD) formats, creating a consistent, traceable record of how risk was evaluated. Multi-model comparison and documented assumptions support the internal model validation and stress testing that underpin Solvency II and ORSA compliance, giving risk and actuarial teams a governed environment to build and defend their view of risk.

Related resources

Stay in the know about important industry trends and innovative solutions.

Resources

Model Exchange Client Portal

Access client-confidential downloads, training, and documentation for Verisk’s Catastrophe and Risk Solutions model, software, and service offerings.

Man In Office Looking At Global Data On Computer Screen

Flyer

Access a diverse model ecosystem on a single platform

Get anoverview of Model Exchange platform capabilities, client benefits, and how to get started.

Download the flyer

Resources

Catastrophe and Risk Solutions Client Portal

Access client-confidential downloads, training, and documentation for Verisk’s Catastrophe and Risk Solutions model, software, and service offerings.

Aerial Nighborhood Devastated By Floodwaters

Brochure

Modeling natural and man-made catastrophe

Both natural catastrophes—earthquakes, hurricanes, tornadoes, and floods—and man-made disasters, including terrorism and extreme casualty events, can jeopardize the financial well-being of an otherwise stable, profitable company.

Download the brochure

Report

Verisk 2025 Global Modeled Catastrophe Losses Report

This report examines global loss metrics based on Verisk’s latest suite of models, providing a global view of risk.

Download the report

Contact us to learn more

Telephone support is available at the following offices, please call your local provider at one of the listed numbers below:

Support numbers:

Boston +1 6172676645

London: +44 (0)20 37640300

Munich: +49 (0)89 2323735 0

Hyderabad: +91 40 66002266

Beijing: +86 10 5965 2780

Singapore: +65 6249 0770

Tokyo: +81 (0)3 6551 2840

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