Case Study: Weather Risk Management Group develops weather derivative pricing with Perforce IMSL C Libraries

Weather Risk Management Group cuts weather derivative analysis time with Perforce

Weather Risk Management Group, a provider of natural hazard and catastrophe risk modeling, needed to improve its application for pricing weather derivatives. Their challenge was to find efficient, pre-built algorithms with multi-threading capabilities to replace their own time-consuming and less efficient routines, seeking a stable solution that would integrate easily. They turned to the IMSL C Numerical Libraries from Perforce for this solution.

Perforce's IMSL C Library provided fully tested and compatible algorithms that integrated seamlessly into the company's existing system without any bugs. The solution improved the application's reliability and efficiency. The implementation is expected to save the company significant time and money in development and maintenance, with plans to expand the use of Perforce's technology to other risk modeling groups within the company.