PartnershipMay 26, 2026, 08:17 AM
Verisk Adds KatRisk to Model Exchange, Expanding Catastrophe Risk Insights
AI Summary
Verisk announced that KatRisk has joined its Verisk Model Exchange, an open catastrophe risk modeling platform. This partnership aims to expand access to third-party catastrophe risk insights for insurers and reinsurers, addressing the growing need for transparent and defensible risk assessments due to climate-driven risks and evolving regulatory expectations. KatRisk's specialized models, covering perils like inland flood, tropical cyclone wind, and earthquake, will enhance the platform's offerings, which already include over 20 third-party model providers and 400+ peril models.
Key Highlights
- KatRisk has entered an agreement to join Verisk Model Exchange.
- The initiative expands the open catastrophe risk modeling ecosystem.
- KatRisk's models include inland flood, storm surge, tropical cyclone wind, severe convective storm, wildfire, and earthquake.
- Verisk Model Exchange now features over 20 third-party model providers and over 400 peril models.
- The platform supports side-by-side model comparison and standardized analysis.
- Verisk acquired Model Exchange in 2025 to develop an open, multi-vendor platform.
Price Impact
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