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Next Generation Models (NGM)

In 2024, NGM became Verisk’s default view of risk for catastrophe modeling in Touchstone.

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In 2024, NGM became Verisk’s default view of risk for catastrophe modeling in Touchstone.

Verisk’s Next Generation Models (NGM) improve the accuracy and flexibility of modeling complex business workflows and provide fully probabilistic financial modeling at all levels. They also enhance financial terms and contract setup, model and capture all insurance coverage and geospatial dependencies in loss accumulation and provide a more complete view of tail risk.

NGM Knowledge Center

Verisk's Next Generation Models are developed by our in-house experts driving discovery and innovation. Learn more about how NGM is impacting catastrophe modeling.

Brochure

Verisk's Next Generation Models (NGM)

Catastrophe models are being relied upon to help companies evaluate different
types of risks—from underwriting single locations to performing enterprise risk
management on distributed global portfolios.

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Article

Next Generation Modeling for Direct, Facultative, and Treaty Lines

The fourth and final installment of Verisk's Next Generation Modeling series, we discuss various aspects of reinsurance loss accumulation with spatial correlation.

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Article

Next Generation Financial Modeling for Commercial Lines

Learn about the propagation of uncertainty to commercial lines—loss accumulation and complex (re)insurance structures.

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Article

Next Generation Modeling: Loss Accumulation

With newly available claims data and computational techniques, AIR has calibrated the financial engine of our catastrophe models to accurately represent loss accumulation

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Article

Next Generation Financial Modeling for Residential and Small Business Lines

The commercial, corporate, and specialty market segments have distinct attributes, which bring complexity to many modeling tasks.

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Article

Modeling Fundamentals: Understanding Uncertainty

In this article, Dr. Jayanta Guin, AIR Chief Research Officer, introduces some key concepts and answers the fundamental questions: What is uncertainty, where does it come from, and how is it treated in models?

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Research publications

Read more about how Verisk's Extreme Event Solutions experts continue to contribute to the groundbreaking work of NGM in the catastrophe modeling industry.

NGM Research