KatRisk, a catastrophe modelling software company, is expanding its advanced flood risk models to Mexico, Central America, and the Caribbean.
KatRisk’s mission is to provide advanced catastrophe risk modeling solutions that empower insurers, governments, and financial institutions to anticipate, mitigate, and adapt to the increasing frequency and severity of natural disasters worldwide.
This move aims to help communities prepare for climate-related disasters by providing detailed insights into inland flooding and tropical cyclone risks.
Acquired by Technosylva last year, KatRisk offers high-resolution, physically-based modelling. Its 30m resolution hydrologic and hydraulic models provide precise flood data for these regions, allowing clients to assess location-specific risks.
The company’s 50,000-year event catalogue integrates sea surface temperature data to establish clear links between tropical cyclone and non-cyclone precipitation. It also captures connections with climate patterns like El Niño and La Niña.
KatRisk’s inland flood model prioritises client control, enabling users to adjust vulnerability factors based on their own claims data and expertise. From vulnerability curves to defence assumptions and exposure characteristics, the software offers flexibility for targeted risk assessments.
Efficiency remains a key focus. The company’s computational speed and automation tools allow clients to quickly assess flood risks and make informed decisions.
Expanding our inland flood model to these regions is more than improving risk management tools—it’s about strengthening community resilience.
“With a global presence and a dedicated team of catastrophe modeling experts, we’ve established ourselves as the go-to risk management platform for insurers, governments, and financial institutions worldwide. Our technology reflects our values: innovation, precision, and a commitment to delivering the best in catastrophe risk modelling,” KatRisk stated.
KatRisk delivers on expertise and functionality while maintaining the speed, adaptability, and customer-first mindset of a small firm. “Our flexible framework allows us to swiftly adapt to changing industry dynamics, while our open-source technology fosters transparency and customization. With a focus on innovation and customer-centricity, we are committed to safeguarding futures for generations to come”.
KatRisk focuses on reducing protection gaps, supporting informed decision-making, and strengthening resilience against growing risks through advanced technology and market-driven insights.
Built on scientific precision, KatRisk’s models integrate curated data layers to manage increasing catastrophe risk volatility. This approach ensures transparency and accuracy in risk assessment.
KatRisk’s adaptable framework responds quickly to industry shifts. Its open-source technology enhances transparency, encourages innovation, and allows for user customization.
