Karen Clark & Company develops advanced software solutions for catastrophe risk management, serving insurance and reinsurance companies worldwide. Karen Clark & Company focuses on helping organizations assess and manage risks from natural disasters such as hurricanes, earthquakes, and severe convective storms.
Their flagship product, RiskInsight, is recognized as the first open loss modeling platform in the industry. This platform enables insurers and reinsurers in both US and international markets to model and quantify potential losses from major catastrophic events. In addition, Karen Clark & Company has introduced innovative methodologies such as Characteristic Event (CE) modeling and real-time event tracking to provide clients with more actionable and transparent risk analytics.
How was Karen Clark & Company started?
Karen Clark & Company was founded by Karen Clark, the pioneer of catastrophe risk modeling, who created the first catastrophe model and founded the first company in this field in 1987. Karen Clark has been instrumental in shaping industry standards and was recognized with a Nobel Peace Prize certificate in 2007 for her contributions to the Intergovernmental Panel on Climate Change (IPCC). Co-founder Vivek Basrur played a key role in developing the first data standards and web-based applications for catastrophe modeling, contributing significantly to the advancement of the sector's software tools.
Who uses Karen Clark & Company?
The software and solutions provided by Karen Clark & Company are primarily used by insurance and reinsurance companies seeking to improve their catastrophe risk management capabilities. While specific customer names are not publicly listed, their user base spans both US and international markets, supporting enterprises that need to model the financial impacts of natural disasters.
What makes Karen Clark & Company different?
Karen Clark & Company's approach stands out due to its history of innovation in catastrophe modeling, including the introduction of open modeling platforms and new methodologies like the Characteristic Event approach. Their focus on transparency, real-time analytics, and evolving client needs positions them as a leader in the next generation of catastrophe risk management solutions.
To learn more about the company's history and leadership, visit their About page.
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