The catastrophe modeling software vendor will provide Fermat, a $4.3 billion asset manager and specialist in insurance-linked securities (ILS), its RQE version 13 platform.
The new agreement will last three years, and takes advantage of recent updates to RQE, the latest iteration of which was released in January.
"RQE represents a breakthrough in granularity and transparency, and in this multi-model catastrophe market, greater model insight is an important differentiating factor for insurers, reinsurers, and ILS managers alike. We would expect every catastrophe risk manager with a significant risk book to give RQE a serious evaluation and many to license it after seeing what it can do," says John Seo, co-founder and managing principal at Fermat Capital.
The move comes as buy sides increasingly invest in ILS products such as catastrophe bonds, as well as the analytical platforms designed to manage them.
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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