Catastrophe risk modelling specialist Karen Clark & Company (KCC) has launched RiskInsight® Version 4.14, the latest version of its RiskInsight open loss modeling platform, which introduces advanced features and performance enhancements to support more precise risk analysis for insurers, reinsurers, and insurance-linked securities (ILS) managers.
According to the announcement, the updated platform includes support for additional policy endorsements, enhanced loss analysis capabilities, expanded reinsurance support for alternative databases, as well as advancements in RiskInsight’s high-resolution mapping capabilities, and faster download speeds for the LiveEvent™ Runner.
It’s important to remember that a number of ILS managers and many reinsurance firms utilise KCC’s catastrophe models to assess and price risk, which therefore makes these improvements particularly valuable for real-time decision-making in the evolving risk landscape.
Marshall Pagano, KCC Senior Director, Client Services, commented: “The popular LiveEvent Runner application ensures key decision-makers start their day with timely, personalized loss analyses delivered straight to their inbox. This update streamlines the underlying processes and enables (re)insurers to further leverage live information as events are unfolding.”
One key upgrade that KCC has implemented within this latest version of RiskInsight, is that its high-resolution mapping application, MapCat™, has been upgraded to support larger, more detailed catastrophe footprints with improved load times.
Another key addition is the GeoEnhancer import tool, which automatically applies fire risk reduction data across entire portfolios, helping insurers and reinsurers refine their wildfire exposure assessments.
Further updates also include new API endpoints for loss retrieval and database management, improved support for high-velocity models, enhanced account and location filters, and new MapCat data and soil layers.
It has also been confirmed that RiskInsight 4.14 incorporates the 2025 Property Exposure Database (KPD) for the United States, which represents over $100 trillion in total exposure. The KPD update reportedly accounts for increasing construction costs, population growth, and demographic shifts.
Karen Clark, KCC CEO, said: “RiskInsight is a powerful and open loss modeling platform with a suite of advanced applications. The 4.14 update further empowers (re)insurers to leverage KCC’s superior modeling technology, enhancing their key underwriting and risk management decisions.”
With catastrophe risk modeling playing an essential role in both traditional reinsurance and the ILS market, this latest enhancement from KCC will provide industry stakeholders with more robust tools to navigate an increasingly complex risk environment.
