Karen Clark News
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 ...
Leadership Insight: Karen Clark
Clark on Catastrophe Modeling: "The tricky thing about cat modeling is it is not all about the science and not all about the software. It is about having the right mix and then making sure that ...
Climate Change Modeling on Cusp of Paradigm Shift
In the face of growing interest in climate change impacts, several big catastrophe modelers said they've heard from more clients interested in receiving climate-related data and they believe the ...
What Boards Would Like to Know About Catastrophe Losses
As the founder of AIR, one of the top two modeling companies, and its CEO for 20 years, I spent much of my career informing insurers and reinsurers about catastrophe models and extolling the virtues ...
Karen Clark Rolls Out New U.S. High-Res Storm Surge Model
Karen Clark & Co. is rolling out a new U.S.-focused high-resolution storm surge model. The catastrophe risk company said the new model brings advances to the market including fully transparent ...
RiskInsight Model Tools Explained
In her article, "Why Open Platforms are the Logical Next Step for Catastrophe Risk Models," risk expert Karen Clark explains that an open platform starts with "reference" models for combinations of ...
Why Open Platforms Are the Logical Next Step for Catastrophe Risk Models
The first generation of catastrophe modeling technology, based on proprietary "black box" models produced by a few vendors, is 25 years old. It's now generally known that despite significant ...
What Rating Agencies Really Want to Know About Your Catastrophe Risk
Preparing effective rating agency presentations is important to most companies, but when it comes to articulating catastrophe risk and large loss potential, there can be a disconnect between what ...