Catastrophe Modeling Services: Market Size & Forecast 2026

The global catastrophe modeling services market sits at approximately USD 4.2 billion in 2025 (base year), a category dominated by three proprietary frameworks, Verisk AIR, Moody's RMS, and CoreLogic, whose combined licensing revenue we estimate at USD 1.8-2.2 billion across subscription, per-event-run, and managed-services fees. The 8.5% CAGR through 2032 reflects regulatory capital-adequacy pressure in Europe and the United States, the California rate-filing shift, and AI-enhanced model validation replacing manual multi-model comparison workflows that previously absorbed 200-400 actuarial hours per carrier cycle. EV-specific coolant grows at roughly 10% CAGR off a low base; the volume contribution to 2032 total demand is approximately 4-6%, which is why the headline displacement thesis is overstated even though the formulation-spec premium is real. > **Analyst Take.** The consensus 8-9

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