Karen Clark & Company (KCC) has introduced its new High Velocity (HV) models, designed to streamline loss analysis for hurricane and severe convective storm (SCS) events. These models aim to provide faster, more efficient risk assessments while maintaining the accuracy of KCC’s established catastrophe models.
The HV models leverage the same scientific methodology as KCC’s industry-leading catastrophe reference models, enabling reinsurers to conduct more frequent, large-scale analyses with reduced demands on computational resources. According to Marshall Pagano, Senior Director, Client Services at KCC, these models are specifically tailored for the reinsurer’s workflow, allowing for significant throughput without compromising the accuracy inherent in KCC’s models. Pagano emphasized their utility as powerful tools for reinsurers needing to rapidly iterate on assumptions or adjustments during sensitivity analyses.
Fully integrated into the RiskInsight® open loss modeling platform, the HV models support the same comprehensive policy structures and reinsurance terms as KCC’s full reference models. Karen Clark, CEO of KCC, stated that the HV models offer reinsurers an efficient path to portfolio-level views, ensuring consistency and scientific rigor. This development, she noted, reflects KCC’s ongoing commitment to delivering advanced solutions that address diverse operational priorities.
Karen Clark & Company (KCC) specializes in providing advanced models, innovative software, and comprehensive consulting services for understanding climate, weather, and catastrophe risk. The company’s professionals are recognized experts in catastrophe modeling and risk management, collaborating with executives to enhance business strategies and financial outcomes. KCC’s models cover a wide range of perils, including tropical cyclones, extratropical cyclones, severe convective storms, winter storms, wildfires, floods, and earthquakes across more than 80 countries.
