X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Photo: Shutterstock

Karen Clark & Company (KCC) announced the release of the RI4 update to the RiskInsight open loss modeling platform. The update includes enhanced global mapping capabilities, more detailed and interactive underwriter and CEO dashboards, and significantly advanced model-building tools. In RI4, insurers and reinsurers can build hurricane and earthquake models anywhere in the world by adding custom event catalogs and damage functions appropriate for specific peril regions. RiskInsight’s model-building tools, HazardMapper and DamageRatesManager, have been enhanced in RI4 to make it easier for model builders to create high resolution probabilistic catastrophe models reflecting their own knowledge, expertise and views of risk. The RI4 financial module has global application and is operational for all peril regions. The RI4 maps are fast and interactive so underwriters can zoom in to see increasingly higher resolution data down to individual locations. Data can be aggregated at different levels of geographic resolution and compared across different time periods.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.