Simplitium leverages Platform EquinixTM to offer scalable, reliable and secure cat risk modeling services, ModEx, to its (re)insurance clients. The platform increases efficiencies while reducing model licensing cost and onboarding.
ModEx is the cat risk modeling platform for the (re)insurance industry, delivered by Simplitium (formerly known as Boat Services), powered by Oasis Loss Modeling Framework (LMF). Simplitium needed a reliable colocation partner with an established, state-of-the-art data center, as well as a strong presence in the insurance sector to help grow its customer base. They required a solution that would offer clients faster roll outs, lower costs and zero downtime, which is why Equinix was the obvious choice for its reliable, agile and global data center environment.