Computer Software - Summit, New Jersey, United States
Baseline Management Company, Inc., based in Summit, NJ, was established in 2005 to transform the way that the risk of loss from catastrophic events is assessed and managed. The firm collaborates with recognized leaders in natural catastrophe science and engineering and leverages state-of-the-art cloud computing technology to provide cost-effective catastrophe modeling solutions and services to the global insurance, reinsurance and risk management marketplace.Collaboration, Transparency and Access:Baseline has introduced this revolutionary concept to improve catastrophe risk management practices by bringing transparency, expertise and access to all market participants.Commonly known as mass collaboration or peer production, Baseline's open-design approach brings together leading experts from the scientific, engineering and finance communities through openness, peering, sharing and global outreach. This organizational philosophy creates an extended community that contributes ongoing resources for new research and technology.Baseline encourages transparency and access for our clients and partners by providing an open forum for collaboration and a hosted platform which addresses many of the concerns shared by market participants. Specifically, more understanding of the variation in model outputs, which in turn supports better decision-making about strategic pricing, risk management and risk transfer strategies.