Verisk completed the acquisition of Simplitium from Nasdaq.

Verisk, a data analytics and technology provider, completed the acquisition of Simplitium, the Nasdaq Risk Modelling for Catastrophes operator, from Nasdaq, a global technology company. Financial terms were not disclosed. “We’re excited to welcome this talented team to Verisk. Verisk risk modelling powers mitigation strategies and disaster financing to narrow the insurance protection gap, reducing uncertainty and empowering people to protect what matters most – their families, homes and livelihoods. Access to more views of risk, especially covering niche areas of risk, strengthens our clients’ ability to make decisions that will deliver resiliency to our communities and businesses,” Gayatri Natarajan, Verisk Senior Vice President of Product Management.