Insurer Workshops Focus On New Open Catastrophe Loss Models

Friday, December 23rd, 2016 Catastrophe Education & Training Risk Management

An interactive catastrophe risk modelling tool using maps, metrics and real time updates called RiskInsight and created by Karen Clark & Company (KCC) is branding itself as the insurance industry’s go-to for digital catastrophe analysis. The software is debuting through CATLAB Workshops, the first one brought a handful of insurance companies together earlier in December in Boston to analyze the financial impact of various hurricane scenarios. Karen Clark said she expected the next CATLAB, slated for March 2017, to cover tornados, lightning and hail storms because of the dissatisfaction with current risk modeling around these events.

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http://www.ibamag.com/us/news/breaking-news/kcc-now-mapping-disasters-for-insurers-42074.aspx

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