Verisk Expands Catastrophe Risk Modeling Ecosystem with KatRisk Integration
Event summary
- Verisk Model Exchange adds KatRisk to its platform, expanding access to third-party catastrophe risk models.
- KatRisk brings models for inland flood, storm surge, tropical cyclone wind, severe convective storm, wildfire, and earthquake.
- Verisk Model Exchange now includes over 20 third-party model providers and 400 peril models.
- The platform supports side-by-side model comparison and standardized analysis for insurers and reinsurers.
- Verisk acquired Model Exchange in 2025 to develop an open, multi-vendor catastrophe modeling platform.
The big picture
Verisk's integration of KatRisk into its Model Exchange platform underscores the growing need for transparent, multi-vendor catastrophe risk modeling in an era of increasing climate-driven risks. This move aligns with broader industry trends toward open-access risk assessment frameworks, enabling more defensible decision-making amid evolving regulatory expectations and complex market dynamics.
What we're watching
- Ecosystem Growth
- How the addition of KatRisk will affect the breadth and depth of risk insights available to insurers and reinsurers.
- Climate Risk Adaptation
- Whether the integration of climate variability and forward-looking hazard behavior will enhance resilience planning.
- Market Adoption
- The pace at which insurers and reinsurers adopt the expanded platform for more informed underwriting and portfolio management.
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