KatRisk

Recent devastating floods in the Southeast US have underscored a critical issue: federal flood-risk maps are not able to keep pace with the evolving climate landscape. Despite being the go-to resource, FEMA's maps are being recognized as outdated, especially in areas prone to rain-caused flooding which is intensifying due to climate change. The volatility of today's climate highlights why progressive companies are turning to KatRisk. Our models are designed not just to reflect current conditions but to anticipate future scenarios with enhanced precision and adaptability. KatRisk leverages cutting-edge technology to provide dynamic risk assessments that go beyond traditional models, making our solutions indispensable for businesses aiming to mitigate flood risks effectively. As severe weather events become more frequent and unpredictable, the need for accurate, climate-informed flood modeling has never been more urgent. Learn more about why our customers trust KatRisk to navigate these complex challenges. #ClimateChange #FloodRisk #CatModel #CatModeling #KatRisk https://lnkd.in/gS7F23b4

At KatRisk our expertise lies in crafting high-fidelity, probabilistic models that assess risks from floods, severe convective storms, wildfires, and more. Our innovative approach supports enhanced underwriting, precise claims handling, and robust risk management, establishing us as leaders in catastrophe risk modeling. Discover why top insurers and financial institutions rely on us to navigate the complexities of natural disasters. 🌍 👉 Learn more about why our customers choose KatRisk https://lnkd.in/gVVJd394 #KatRisk #RiskManagement #CatastropheModeling #CatModeling

Understanding the impact of climate change on property risk is crucial, and KatRisk is at the forefront of this analysis. With our products SpatialKat and Hazard Data, you can identify changes in risk due to climate change at the portfolio and location level. Learn more about our peril suite and how are unique approach allows businesses to anticipate and prepare for future risks effectively. #climatechange #catmodeling #katrisk #catastrophe #catmodel #insurance https://lnkd.in/g6JXhPNU

📣 Announcing the Release of KatRisk's New Central America, Mexico & Caribbean Flood Model📣 🌊 We proudly announce the release of our latest flood risk model, now available to clients. This state-of-the-art model covers Central America, Mexico, and the Caribbean, providing a comprehensive tool for assessing and managing flood risks in these regions. 🔑 A Reliable Tool to Better Manage Risk with Key Features: 🔑 50,000-Year Probabilistic Model:  - Detailed Insights: Gain a deeper understanding of potential future flood scenarios with unprecedented detail.  - Risk Quantification: Accurately assess risk at individual locations, enabling targeted risk management strategies. 🔑Comprehensive Event-Based Probabilistic Model:  - Correlation Insights: Understand risk correlations across multiple locations to make informed decisions on risk mitigation and insurance strategies.  - Versatile Loss Computation: Compute losses for any portfolio, whether or not a historical event has impacted the area, providing key insights for proactive planning. 🔑Stochastic Model Enhancements:  - New Event Set: Access Average Annual Losses (AALs) and Exceedance Probability (EP) curves for more accurate financial projections.  - Improved Flood Maps: Benefit from local enhancements to our flood maps, complementing the robust information provided by our models. 💪 Unique Advantages to Help You Manage Policies With Confidence:  KatRisk's flood risk model stands out in the market with its unique stochastic capabilities and comprehensive coverage. Unlike other models available, our model provides a fully transparent view of ground-up, gross, and net losses through our best-in-class financial engine, empowering insurance companies to manage their policies confidently. 📈 Faster Answers. Smarter Decisions. Better Underwriting:  Understanding and managing flood risk is crucial for businesses in Central America, Mexico, and the Caribbean. Our new model enables clients to: ✅ Enhance Risk Management by providing precise data for informed decision-making.  ✅ Optimize Insurance Portfolios with detailed loss analysis.  ✅ Plan Proactively by anticipating potential risks and mitigating financial impacts. 👉 The new flood risk model is available now, ensuring you can utilize its powerful features immediately. 📨 For more information or to schedule a demonstration, reach out to contact@katrisk.com 🦺 Stay prepared with KatRisk—the leader in dynamic catastrophe risk software. #KatRisk #floodrisk #insuretech #catastrophemodel #catmodel #riskmanagement #insurance

👉Are you at InsureTech Connect? Meet our team & learn how we are redefining cat risk modeling! 👋Stop by Booth 2662 to explore how KatRisk's dynamic software can help you better understand and manage catastrophe risk. Our models empower faster answers, smarter decisions, and more profitable underwriting in the face of severe weather threats. Discover the benefits of working with us: ➕Dynamic software solutions for risk management ➕Faster & reliable insights for smarter decisions ➕Tools designed for resilience against growing severe weather perils ➕Engage with our team and learn how we can help elevate your risk management strategy. 📨Not at ITC Vegas, but want to learn more? Reach out to contact@katrisk.com #ITCVegas #KatRisk #insuretech #catmodels #catastrophemodeling #riskmanagement #insurance

🌀 Post-event Footprints - Hurricane Milton 🌀 🌊🌪️KatRisk has created post-event footprints for inland flood, hurricane storm surge, and wind for Hurricane Milton. 🗺️ These utilize the final track and post-event precipitation information. Our team does not anticipate releasing any additional footprints for this event; however, if further data comes in, we will incorporate it and send an update. 🦺 If you are in the affected areas, please stay safe! ❓ Questions about these footprints can be directed to contact@katrisk.com #KatRisk #HurricaneMilton #StormSurge #InlandFlood #CatModel #CatModeling #RiskManagement #CatastropheRisk #InsureTech

🛫 Attending InsureTech Connect ITC Vegas 2024 next week? Let’s meet up! 🌊 ⛈️ 🌪️ 🌀 🔥 Join us at booth # 2662, where we'll share our vision for the future of risk modeling. Discover how KatRisk is at the forefront with innovative approaches to enhance risk understanding and management, including our most recent release, our Severe Convective Storm (SCS) model. 🤝 ITC is an ideal opportunity to connect with our team, explore our dynamic catastrophe risk software, and discover how KatRisk can enhance your organization's resilience efforts. 👉 We look forward to seeing clients and expanding our network at the conference. 📩Contact us today to secure your meeting slot: contact@katrisk.com #KatRisk #CatModel #CatRisk #Catastrophe #FloodRisk #SCS #RiskManagement #Insurtech #ITCVegas

🌩️ A Severe Convective Storm Model That Enables Faster Answers, Smarter Decisions, and More Profitable Underwriting🌩️ ⚠️ Severe convective storms pose a significant financial threat globally. KatRisk's latest release, the Severe Convective Storm (SCS) model, provides an enhanced method for understanding and managing this escalating risk. 📈 Practical Applications and Benefits 📊 The KatRisk SCS model empowers clients with several key advantages: ➕ Actuarial Pricing Refinement: Utilize our SCS model to refine actuarial pricing strategies, enabling more accurate premium setting by comparing scientifically derived rates with your data. ➕ Augmented Pricing Strategies: Employ Risk Scores and Average Annual Loss data to adjust pricing structures, enhancing profitability while managing exposure. ➕ Capacity Management: Ensure that growth strategies are geographically diversified, helping manage exposure and reduce risk concentration in severe weather-prone areas. ➕ Enhanced Reporting: Incorporate science-based modeling insights into both internal and external reporting to provide a comprehensive view of risk. ➕ Reinsurance and ILS Optimization: Use detailed insights from our model to structure reinsurance and Insurance-Linked Securities arrangements more effectively, optimizing your portfolio’s risk profile. 🌐 Learn more by checking out the link https://lnkd.in/eSTSU9dT 📩 Or email us at contact@katrisk.com #RiskManagement #Reinsurance #InsuranceInnovation #SevereWeather #CatastropheModeling #InsuranceIndustry #KatRisk

🌀Tracking Hurricane Milton🌀  🔎 Our KatRisk team is closely monitoring Hurricane Milton's developments. With our advanced catastrophe risk modeling tools, we are prepared to provide updates should the storm make landfall 🌪️ 📰 Read more about Hurricane Milton's current status here:  https://lnkd.in/eRrHnqtB 📩 Feel free to reach out with questions or for more insights at contact@katrisk.com #HurricaneMilton #RiskManagement #Insurance #FloodRisk #CatastrophicRisk #KatRisk

🌟 Join KatRisk at the ITC Conference in Las Vegas! 🌟 🚀We're thrilled to be heading to ITC-InsureTech Connect and invite you to meet us at Booth # 2662. 🔍 Let's discuss how our dynamic catastrophe risk tools, including our new #SevereConvectiveStorm model, can enhance your organization's resilience. 🤝 Meet the team who will be available on-site: ✔️ Jeffrey Chen, CEO ✔️ John Tewhill, Enterprise Account Executive ✔️ Scott Hammesfahr, Senior Solutions Engineer ✔️ David Stafford, Enterprise Account Executive ✔️ Ken Anderson, Enterprise Account Executive ✔️ Jordan Garcia, Enterprise Business Development Representative 🌊 ⛈️🌪️🌀 🔥 ⚠️ Our solutions provide faster answers, smarter decisions, and more profitable underwriting—empowering your business to thrive amid climate challenges. 📅 Secure your meeting today to learn more: 📨 contact@katrisk.com 🚀 We're excited to connect and share solutions & insights that drive smarter decision-making. Let's make ITC a success together! #CatModel #CatRisk #KatRisk #Catastrophe #FloodRisk #SCS #RiskManagement #Insurtech #ITCVegas