KCC unveils high velocity models for faster, scalable loss analysis

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has launched a new suite of high velocity (HV) models, designed to deliver faster and more efficient catastrophe loss analyses.

The models, which are currently available for hurricane and severe convective storm (SCS), offer streamlined performance while remaining fully aligned with KCC’s accurate catastrophe models.

According to the announcement, the HV models are built on the same scientific methodology that underpins KCC’s catastrophe models, enabling re/insurers to perform large-scale, high-frequency analyses with significantly reduced computational demands.

Seamlessly integrated into KCC’s RiskInsight® open loss modeling platform, the HV models reportedly support the same robust policy structures and reinsurance terms as KCC’s full reference models, ensuring a consistent analytical framework across use cases.

Earlier this year, KCC released RiskInsight® Version 4.14, the latest version of its RiskInsight platform earlier this year, which introduced advanced features and performance enhancements to support more precise risk analysis for insurers, reinsurers, and insurance-linked securities (ILS) managers.

Marshall Pagano, KCC Senior Director, Client Services, commented: “These models are tailor-made for the reinsurer’s workflow, enabling tremendous throughput while preserving the accuracy of the KCC models.

“HV models are powerful tools for (re)insurers conducting sensitivity analyses that need to iterate rapidly on assumptions or adjustments.”

Karen Clark, KCC CEO, said: “HV models provide reinsurers with an efficient pathway to portfolio-level views without sacrificing the consistency and scientific rigor of the KCC reference models.

“This innovation reflects KCC’s commitment to delivering advanced solutions tailored to a wide range of operational priorities.”