Karen Clark & Co. Archives - Page 2 of 3

Big Data Analytics: Mining Your Catastrophe Claims Data for Competitive Advantage

Big data for catastrophes sounds like an oxymoron. It's precisely because of the lack of historical data that actuaries have left catastrophe modeling and loss estimation to external third parties ...

The Latest Launches From Karen Clark, Allianz and Hiscox

Karen Clark & Co. has released the latest version of its RiskInsight modeling platform. Allianz is expanding its travel insurance through a partnership with a motorcycle rental/tour operator. ...

Why Convective Storm Models Are Unreliable

In the United States, severe convective storms (SCS)—also known as severe thunderstorms, which can include tornadoes, hail and strong localized wind gusts—cause average annual insured losses of ...

Executives On The Move at Progressive, Starr, Willis Towers Watson, Marsh and More

The Progressive Corp. has a new chief information officer. Starr Companies hired on an executive who will help grow its general aviation risks business. A Marsh division has a new global CEO. ...

Earthquakes for CEOs: Understanding the Most Recent USGS Report

Every six years the U.S. Geological Survey (USGS) produces an updated set of seismic hazard maps for the United States. These National Hazard Maps show the estimated probabilities of different levels ...

Karen Clark & Co. Releases New U.S. Earthquake Reference Model

Karen Clark & Co. (KCC) released a new U.S. Earthquake Reference Model as part of its RiskInsight open loss modeling platform. The model is based on the latest 2014 U.S. Geological Survey (USGS) ...

The Latest Launches From Karen Clark & Co., IDT911 and QBE North AMerica

Karen Clark & Company (KCC) unveiled the R14 update to its RiskInsight open loss modeling platform, an improvement designed ease customization. The catastrophe modeling software and consulting ...

Hurricane Katrina’s Legacy

Hurricane Katrina was a deadly storm that caused a large loss to the insurance industry—but not so large that it shouldn't have been anticipated by the catastrophe models. In the months after this ...

Climate Change Not Yet Boosting Atlantic Hurricane Activity: Karen Clark & Co.

Climate change may be ongoing, but it doesn't seem to have any measurable effect so far on North Atlantic hurricanes that drive cat market losses. The future, however, could be much more risky. ...

Open Platform vs. Open Source

Karen Clark noted that her company's RiskInsight "open platform" currently is the only one in the industry already used by insurers and reinsurers. But what about the Oasis framework, launched by 21 ...