Simplitium, a global financial services technology provider and wholly owned subsidiary of Cinnober Financial Technology, has appointed Matthew Jones as Head of Insurance Product Development and Aiste Kalinauskaite as Lead Insurance Product Developer, effective October 1.
As a catastrophe risk modelling practitioner, Jones will lead the development of the company’s ModEx solution. ModEx is Simplitium’s independent multi-vendor platform for catastrophe risk modelling.
Commenting on his appointment, Jones said: “ModEx is paving the way for catastrophe modelling globally, delivering new efficiencies to an industry used to legacy systems and excessive costs.
“With over 20 years of experience in the industry I have a good understanding of the requirements of a risk modelling team. As Head of Insurance Product Development, I will be able to apply this experience to develop ModEx and ultimately help improve how we manage catastrophe risk as an industry.”
Kalinauskaite also joins Simplitium with a decade’s experience in exposure management and catastrophe modelling, and is the architect of the Open Exposure Data (OED) format.
As the lead developer for ModeEx, Kalinauskaite will be focused on streamlining the catastrophe modelling process, Simplitium said.
“We are bringing modern technology to an area of the industry which has seen little change over the past 30 years,” said Kalinauskaite. “I am thrilled to become a permanent member of the team as we strive to innovate how firms access and use catastrophe models across the world.”
John Yonker, Chief Executive Officer (CEO) of Simplitium, also commented: “Matthew and Aiste bring over 30 years of combined industry experience to Simplitium. Matthew’s knowledge and expertise combined with Aiste’s unique experience in designing and streamlining catastrophe modelling processes will help us further develop our ModEx solution and bring additional efficiencies to the industry”.
Jones and Kalinauskaite have been contractors at Simplitium since September 2017 and January 2018 respectively.
