KatRisk Acquires Gamma: Revolutionizing Property-Level Risk Analytics and Catastrophe Modeling
KatRisk, a prominent name in the field of catastrophic risk modelling software for the insurance and financial services sectors, has recently announced its acquisition of Gamma. This strategic move aims to enhance KatRisk’s risk analytics capabilities and broaden its global reach.
Enhancing Risk Analytics through Acquisition
The integration of Gamma’s advanced geospatial and property-level visualization tools into KatRisk’s state-of-the-art catastrophe modelling solutions is expected to significantly strengthen their product offerings. Although the financial details of this acquisition remain undisclosed, it is clear that this partnership is designed to expand KatRisk’s product suite and enhance its market presence.
Gamma’s Perilfinder™ Platform
One of the key assets in this acquisition is Gamma’s Perilfinder™ platform, which has been developed in collaboration with leading global insurers. This innovative platform empowers insurers to visualize various risks, including:
- Flood
- Wind
- Wildfire
By integrating these capabilities, KatRisk aims to provide insurers with comprehensive insights into risks at the property level.
Commitment to Innovation and Growth
Supported by TA Associates and General Atlantic BeyondNetZero, KatRisk is dedicated to continuous innovation and global expansion through data-driven climate resilience solutions. Brandon Katz, Executive Vice President of Strategy at KatRisk, stated, “Our acquisition of Gamma is a significant leap towards our goal of offering the most comprehensive, high-resolution risk data available.”
Benefits for Insurers and Underwriters
By merging KatRisk’s advanced catastrophe risk models with Gamma’s location intelligence capabilities, the collaboration promises to:
- Improve risk selection
- Reduce loss ratios
- Enhance underwriting efficiency
Gamma’s CEO, Feargal O’Neill, emphasized that this partnership opens up exciting opportunities for customers and partners, providing access to leading catastrophe modelers and expanding the global reach of Perilfinder™.
For more information about KatRisk’s innovations in catastrophe modelling, visit their official website at KatRisk. To learn more about risk management strategies, check out our related articles on risk management strategies and insurance analytics.
