Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Karen Clark & Co. modeling platform allows real-time hurricane loss tracking

Reprints

Karen Clark & Co., the Boston-based catastrophe modeling firm, has released the RiskInsight-lite modelling platform, the company said in a statement Monday.

RiskInsight-lite will allow insurers and reinsurers to track hurricane claims and losses in real time as well as estimate their exceedance probability (EP) curves, the statement said.

“We created RiskInsight-lite to provide only the capabilities of the other cat models plus RiskInsight’s unique real-time event tracking capabilities,” Karen Clark, KCC chief executive officer, said in the statement.

Last Friday, the modelling firm issued insured loss estimates from Hurricane Harvey of some $15.4 billion in insured losses, including flooding, which is projected to cause some $12.4 billion of the total, with wind responsible for $2.5 billion in losses and storm surge responsible for $500 million, excluding claims filed through National Flood Insurance Program, according to the Clark analysis.