KatRisk

KatRisk, established in 2012, specializes in advanced catastrophe modeling solutions for flood and wind risk. The company leverages high-performance GPU computing hardware to quantify risks accurately and efficiently. KatRisk’s clientele includes some of the largest insurance, reinsurance, and brokerage companies globally, and its models and analytics are widely used in the US private flood market. The company offers two main software products: SpatialKat and SoloKat. SpatialKat is a portfolio analytical software designed for rapid runtime of 50,000-year event catalogs, capturing correlations in space and time for flood, wind, and storm surge events. It is available for the US and Canada, with additional regions under development. SoloKat is a global location loss analytics software that integrates hazard data with vulnerability curves to quickly calculate location-level average annual losses and return period losses. SoloKat provides worldwide inland flood coverage and can quantify potential climate change impacts. KatRisk also offers a comprehensive API built using REST conventions, allowing seamless integration of portfolio analytics and global location loss analytics into business workflows. The company’s hazard data includes worldwide inland flood data, storm surge inundation heights for the US Gulf and Atlantic Coasts and Hawaii, and worldwide tropical cyclone return period wind speeds. KatRisk’s climate change models provide flood depths, relative risk scores, and uniform exposure average annual losses for scenarios from the present time to 2100, accessible via API. The financial model within KatRisk’s solutions allows for the quantification of insured losses, considering complex financial structures for both primary insurance and reinsurance. FM Kat, a module within the SpatialKat software, enables analysis of results from any model using the KatRisk financial model. KatRisk’s platforms and products are SOC 2 Type 2 certified, with regular audits conducted by an AICPA-approved audit firm. The company is headquartered in Berkeley, California, and has an office in Freiburg, Germany.