Reask

Market position

Reask positions itself as a provider of climate-adjusted, dynamic catastrophe risk analytics as an alternative or complement to traditional static catastrophe models. It has been recognised by industry awards, being named catastrophe risk modelling solution of the year by InsuranceERM and Solutions Provider of the Year at the 2025 Parametric Insurer Awards, and it participates in InsuranceERM special reports alongside other catastrophe modelling firms.

The company emphasises peer-reviewed, published models; global coverage including data-sparse regions such as the South Pacific; high-resolution outputs (1 km windfields, terrain-corrected gust footprints); climate conditioning that allows risk views to be adjusted for seasonal patterns and warming levels; and rapid event response, cited by PCRIC as enabling payout calculation within ten days of an event.

Technology

Reask applies machine learning and physics-based simulation to tropical cyclone hazard modelling. Published methods include a machine learning approach to modelling tropical cyclone wind field uncertainty (AMS, 2017), the InCyc global database of high-resolution tropical cyclone simulations used to model variability in maximum wind location and intensity (AMS, 2024), and Reask UTC, a machine learning framework generating climate-connected tropical cyclone event sets globally (NHESS, 2025). Outputs include 1 km windfield forecasts, probabilistic wind gust footprints with terrain correction, over-ocean tropical cyclone precipitation modelling, and stochastic event catalogues conditioned on climate states.

Go-to-market

Direct enterprise sales supported by demo access requests, published research and thought-leadership content, webinars and TechTalks, and case studies. The company also pursues distribution and product partnerships with insurers and brokers, such as Howden Re for European climate risk modelling and AXA Climate for parametric windstorm insurance, and maintains open-source tooling on GitHub to support client workflows.

(Re)insurers, insurance-linked securities investors, financial markets participants, corporates and governments. Named users and partners in the sources include Swiss Re Corporate Solutions, Vave Insurance, the Pacific Catastrophe Risk Insurance Company (PCRIC), Descartes Underwriting, Howden Re, AXA Climate, SRS Altitude and MS Amlin.

Geography

Global data coverage for tropical cyclones, with stated offices in London (70 Gracechurch Street), Sydney (180 George Street) and Zurich (Dufourstrasse 49). A third-party profile lists Sydney, Australia as headquarters. The company has announced a Chief Growth Officer appointment to scale US expansion and a Howden Re partnership focused on Europe.

History

Reask was founded in 2018 by a team of catastrophe modellers. One third-party profile names Nick Hassam and Thomas Loridan as founders and places the founding in Sydney, Australia. The company published machine learning research on tropical cyclone wind field uncertainty in AMS in 2017, on the InCyc high-resolution tropical cyclone simulation database in AMS in 2024, and on the Reask UTC climate-connected global tropical cyclone event set framework in NHESS in 2025. Company announcements record a seed raise, a subsequent announcement of $6.55m in total seed funding, and a $4 million round led by BlueOrchard's InsuResilience Investment Fund Private Equity II in March 2025. Leadership appointments over time include Jamie Rodney as CEO, Louise Braybrooke as Chief Client Officer, David Schmid as Head of Parametric Products, Joss Matthewman as Chief Revenue Officer, and Andy Rice as Chief Growth Officer to scale US expansion.

Risks & controversies

No controversies are reported in the available sources. Publicly available data on the company is limited and third-party sources conflict: one aggregator lists a single $5.0M seed round in June 2023 with a large investor list and an employee band of 1001-5000, which is inconsistent with the company's own description of a small team and with separately reported funding announcements ($6.55m total seed; a $4m 2025 round).