Reinsurance placement and analytics: vendor landscape (April 2026)
A graph view of the reinsurance placement and analytics vendor landscape as it applies to US carriers ceding capacity. The category spans catastrophe-modelling specialists (Moody's RMS, Verisk AIR, CoreLogic), placement-technology platforms (Supercede, Artex), broker-proprietary analytics (Guy Carpenter, Aon, Howden), and climate-conditioned specialists (Jupiter Intelligence, KatRisk).
Built by cross-referencing the Phidea entity graph: tools registry, broker / carrier relationships, ownership layer (Moody's Cape acquisition 2025 changed the cat-modelling landscape), and integration paths into carriers' PAS vendors.
Moody's RMS remains the dominant US cat-modelling standard; Verisk AIR is the widely-used second opinion; Jupiter Intelligence leads climate-conditioned scenarios; Supercede is the placement-technology challenger with growing US treaty-broker adoption; KatRisk is the open-source-adjacent challenger used by quant reinsurers.
Which to pick
| Scenario | Recommended |
|---|---|
| US tier-1 carrier — primary catastrophe model | Moody's RMS |
| Required second opinion on cat model | Verisk AIR Worldwide |
| Climate-conditioned forward scenarios (5-30 year) | Jupiter Intelligence |
| Placement technology (treaty + facultative) | Supercede |
| Wildfire-specific | ZestyAI (see wildfire-risk-scoring ranking) |
| Property attributes paired with cat model | Cape Analytics (Moody's) |
Ranking criteria
- Named US carrier / reinsurer deployments
- Peril coverage (wind, quake, wildfire, flood, climate-forward)
- Analyst / industry-standard recognition
- Ownership stability (material events in 36 months)
- Integration with carrier PAS / underwriting stack
rms
Moody's RMS: US cat-modelling standard. Post-2021 Moody's acquisition; Cape Analytics integration Jan 2025 extended property-attribute coverage.
Public evidence. Moody's RMS is the most-cited cat model in US reinsurance placement. Tier-1 US carrier deployments are broad but mostly not publicly named (reinsurance is private contracting). Moody's 2021 acquisition of RMS unified RMS with Moody's Analytics + ESG + credit-risk stack. The January 2025 Cape Analytics acquisition pairs cat probability with property-level attribute data on a single contract.
Why first. Incumbency + the Moody's-RMS + Cape integration is the path of least resistance for any US P&C carrier already relying on Moody's ratings on other lines.
When RMS is the wrong pick. Forward-looking climate scenarios (Jupiter is built specifically for that). Complex wildfire-specific modelling (ZestyAI). Reinsurers wanting an opinionated quant-house-first model (KatRisk).
air-worldwide
Verisk AIR Worldwide: second opinion standard. Widely used by reinsurers and brokers for cross-validation.
Public evidence. Verisk AIR is the industry-standard counter-model to RMS. Most US tier-1 carriers subscribe to both; placement conversations typically reference both AIR and RMS outputs. Verisk's broader US insurance footprint (ClaimSearch, ISO) is a familiar vendor surface for US carriers.
Why second. Counter-model positioning; rarely the sole cat model at a tier-1 but essential for diligence.
jupiter-intelligence
Climate-conditioned scenarios out to 2050+. Growing adoption at reinsurers and corporate-risk programmes.
Public evidence. Named reinsurer and corporate references. RCP 2.6 / 4.5 / 8.5 scenario modelling for physical-climate risk.
Why third. Forward-looking scenarios are a specialist requirement. When they are the requirement, Jupiter leads.
Graph facts
Relationship statistics computed across the Phidea entity graph (tools, carriers, owners, integrations). These facts require cross-referencing multiple primary sources; they are not retrievable from any single vendor press release or analyst report.
- Category concentration
2 vendors (Moody's RMS, Verisk AIR) handle the overwhelming majority of US catastrophe-model referencing in reinsurance placement. Challengers (Jupiter, KatRisk, CoreLogic) address specific sub-surfaces rather than competing on the full primary-model axis.
- Cross-product integration
Moody's owns both RMS (cat model) and Cape Analytics (property attributes) as of January 2025. No other vendor holds this pairing under single ownership.
- Regulatory convergence
US state DOIs (California first) have begun requiring climate-forward scenario analysis as part of rate filings for exposed property lines. Jupiter's forward-looking product fits this requirement natively; RMS / AIR are adapting.
Navigate the graph
Also considered
- Supercede
Placement-technology platform for treaty and facultative reinsurance. Series B 2024. Growing adoption among broker and carrier teams digitising placement workflow. Complementary to cat models, not a replacement.
- CoreLogic
Multi-peril coverage including cat-adjacent signals. Less-used for primary cat modelling than RMS / AIR in US reinsurance placement.
- Cape Analytics
Post-Jan 2025 Moody's acquisition, pairs directly with RMS for property attributes + cat signals on one contract.
Sources
- Moody's RMS — Moody's
- Verisk AIR Worldwide — Verisk
- Jupiter Intelligence — Jupiter Intelligence
- Supercede — Supercede
- Moody's acquires Cape Analytics — TechCrunch