KatRisk
KatRisk, founded in 2012, provides advanced catastrophe modeling solutions for flood and wind risk, utilizing high-performance GPU computing hardware. Headquartered in Berkeley, California, with an office in Freiburg, Germany, the company serves major insurance, reinsurance, and brokerage firms worldwide.
Founding of KatRisk
KatRisk was founded in 2012 and swiftly established itself as a notable provider of advanced catastrophe modeling solutions. The company is headquartered in Berkeley, California, and also maintains an office in Freiburg, Germany. Over the years, KatRisk has built a reputation for delivering accurate and scalable risk quantification services leveraging high-performance GPU computing hardware.
Catastrophe Modeling Solutions
KatRisk specializes in providing catastrophe modeling solutions that cater to flood and wind risk. Their services are particularly beneficial to insurance, reinsurance, and brokerage companies. KatRisk's models and analytics are extensively deployed in the private flood market in the US, aiding clients with quantifying potential hazard and loss impacts accurately and efficiently. The company also offers flexible and scalable solutions, which can be implemented on-site or through APIs for seamless business integration.
Products: SpatialKat and SoloKat
KatRisk offers two key products: SpatialKat and SoloKat. SpatialKat is a portfolio analytical software that includes event-based portfolio analysis, capturing correlations in space and time for flood, wind, and storm surge events. It supports the US and Canada, with additional regions under development. SoloKat, on the other hand, is a global location loss analytics software integrating hazard data with vulnerability curves for rapid calculation of average annual losses and return period losses. SoloKat includes worldwide inland flood coverage and the capability to quantify the impacts of climate change.
Advanced Risk Quantification Using GPUs
KatRisk leverages high-performance GPU computing hardware to enhance the speed and accuracy of its risk quantification models. This technology enables the fast processing of complex data sets, making it possible to generate detailed and reliable hazard models. KatRisk's solutions include multiple-return period hazard data for global flood, US storm surge, and tropical cyclone wind. These models also provide insights into potential climate change impacts, offering data ranging from the present time to 2100.
KatRisk API for Seamless Integration
KatRisk provides an API built using REST conventions, ensuring compatibility with any programming language. This API facilitates easy integration of KatRisk’s portfolio analytics and global location loss analytics into existing business workflows. Clients can access a wide range of hazard data, including worldwide inland flood data, storm surge inundation heights for the US Gulf and Atlantic Coasts and Hawaii, and tropical cyclone wind speeds globally. The API also supports climate change data, enabling users to incorporate future risk scenarios into their analyses.