Articles from Karen Clark & Company

Karen Clark & Company (KCC) is pleased to announce the release of RiskInsight® Version 4.15, the latest advancement of the open loss modeling platform. The new update introduces major performance and system enhancements, increasing the speed, scalability, and computing power of the leading risk modeling application.

Karen Clark & Company (KCC) today announced that Dr. Milan Simic has been appointed Global Strategy Advisor. Dr. Simic will be responsible for global growth initiatives and international client relationships. He will continue to be based in London, and will report to KCC Co-Founder and CEO, Karen Clark.

Karen Clark & Company (KCC) is pleased to announce that Karen Clark, co-founder and CEO of KCC, has been named to Forbes’ prestigious 2025 “50 Over 50” list, which honors women who are redefining what it means to be a leader and innovator. The list, published annually by Forbes, celebrates trailblazers across sectors making significant impact into their 50s, 60s, and beyond.

Karen Clark & Company (KCC) is pleased to announce the California Department of Insurance (CDI) has completed its review of the KCC US Wildfire Reference Model Version 3.0 under the newly established Pre-Application Required Information Determination Procedure (PRID). This process paves the way for insurers to use the catastrophe models for ratemaking.

Karen Clark & Company (KCC) is pleased to launch its suite of high velocity (HV) models. These streamlined models, currently available for hurricane and severe convective storm (SCS), are designed for faster loss analysis and greater efficiency, while maintaining consistency with KCC’s established, accurate catastrophe models.

Karen Clark & Company (KCC) is pleased to announce that the KCC US Hurricane Reference Model Version 5.0 has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). KCC is the first model vendor to be certified under the latest FLCHPM standards.

Karen Clark & Company (KCC) is pleased to announce CATLAB® 2025, taking place in Boston from June 3–5. This annual event brings together market-leading insurers, reinsurers, and ILS investors for three days of in-depth discussions on advanced modeling techniques and the latest science on weather, climate, and extreme events.

Karen Clark & Company (KCC) is pleased to announce the release of RiskInsight® Version 4.14, the latest evolution of the RiskInsight open loss modeling platform. This update introduces powerful new features and performance enhancements, reinforcing RiskInsight’s position as a leading risk analysis tool for (re)insurers.

Karen Clark & Company (KCC) today announced that the KCC US Flood Reference Model Version 2.0 has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). The KCC model is the first flood model that has been found acceptable by the Commission under the latest standards, and the only flood model to be approved under both the prior standards and the current standards.

Karen Clark & Company (KCC) is pleased to announce CATLAB® 2024, taking place in Boston from June 11-13. This annual event brings together market-leading insurers, reinsurers, and ILS investors for three days of in-depth discussions on advanced risk modeling techniques, current industry challenges and opportunities, and the latest innovations in risk quantification and management.

Karen Clark & Company (KCC) is pleased to announce the release of RiskInsight® Version 4.13, the latest update to the RiskInsight open loss modeling platform. RiskInsight 4.13 introduces major enhancements to software performance and extends several powerful applications.

Karen Clark & Company (KCC) is pleased to announce that the KCC US Hurricane Reference Model Version 4.0 has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM).

CATLAB®—an interactive workshop where risk management decision-makers meet with KCC scientists, engineers, and other experts to discuss the latest modeling advancements and the current market opportunities to leverage those advancements—was hosted in Boston June 6-8. The most important takeaways from this year’s event include:

Karen Clark & Company (KCC) is pleased to announce the Synchrono Group (SynchronoSure) has licensed KCC’s full suite of US catastrophe models, delivered through KCC’s new and advanced underwriting application. This new tool is powered by KCC's rapid, high-resolution modeling analyses that drive the underwriting and decision-making processes for complex commercial policies.

Karen Clark & Company (KCC) is pleased to announce the release of Version 1.0 of its high resolution US Wildfire Model. This advanced and fully probabilistic model provides Exceedance Probability (EP) curves, PMLs, and AALs down to the location level and can be used to develop underwriting and pricing strategies that account for the impacts of climate change.

Karen Clark & Company (KCC) is pleased to announce that the KCC US Hurricane Reference Model Version 3.0 has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). This important certification follows on the heels of the KCC US Flood Model certification last December.

Karen Clark & Company (KCC) is pleased to announce that American Family Group (American Family) has licensed KCC’s full suite of US catastrophe models delivered through the RiskInsight® open loss modeling platform.