Moody’s is to make good on its recent acquisitions by making risk models from Applied Research Associates, (ARA), Fathom, and JBA Risk Management (JBA) available on its Intelligent Risk Platform (IRP).

The move follows the integration of the IRP into the Nasdaq Risk Modelling for Catastrophes (NRMC) service.

This announcement builds on an earlier Moody’s RMS announcement on enhancing the IRP by integrating the NMRC service for Oasis Loss Modelling Framework based risk models.

When the solution is fully developed and subject to the necessary agreements being put in place between RMS and its partners for the integration, customers who subscribe to the solution will be able to use Moody’s RMS Intelligent Risk Platform applications such as Risk Modeler, UnderwriteIQ, and TreatyIQ, as well as ARA, Fathom, and JBA Risk Management models.

All will run on the Nasdaq modelling service based on the Oasis Loss Modelling Framework (LMF), and other custom models and modelling engines.

George Freimarck, business leader for Catastrophe Models ARA, said: “North Atlantic hurricane remains the single largest region-peril risk for most property insurers. The ability to directly incorporate and blend results from multiple credible hurricane models on a single platform will help clients understand and manage that risk.”

Dr Andrew Smith, co-founder and COO at Fathom added: ““We welcome the ecosystem innovation that Moody’s RMS, working with Nasdaq, is bringing to the risk market, model users, and modellers.  We believe it will be incredibly attractive for customers to access multiple views of risk through the same interface.”

Jane Toothill, managing director at JBA Risk Management, said: “We are excited to see the integration of Moody’s IRP into Nasdaq’s NMRC as it means our suite of global flood models will be more easily accessible to mutual clients. The ability to run multiple models on the same platform will provide many benefits to the insurance and risk industries.”

Cihan Biyikoglu, executive vice president, Product, Moody’s RMS, said: “With this initiative we are hoping to create more opportunities for innovation in the global risk market, and we are delighted to be working with ARA, Fathom, and JBA. Moody’s RMS recognises that customers often want to incorporate multiple models for a multitude of reasons, including hedging model risk and creating their own-view-of-risk for a differentiated risk strategy.”