Article ID: 8a5632c890b39afd7d6389d0a759f37895874469133ed778b505cdd56567189d
Source ID: primary:reinsurancene.ws
Published At: -
Extraction Method: trafilatura
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Karen Clark & Company (KCC), a catastrophe risk modelling firm serving re/insurers and insurance-linked securities investors, has released the latest version of its open loss modelling software, RiskInsight® 4.16, which delivers expanded workflow automation and integration. The update centres on enhanced API capabilities, faster analysis performance, and significant reductions in database storage requirements. RiskInsight’s extensive API suite supports integration with modelling, underwriting, and portfolio management systems, enabling (re)insurers to seamlessly integrate the KCC models into existing workflows. Version 4.16 expands those capabilities with new API endpoints for result set management, automatic application of reinsurance treaties within analysis workflows, and automated characteristic event (CE) profile generation. Additionally, the release features a comprehensive suite of Importer API endpoints, fully automating the import workflow, from initial source exposure data uploads to the management and monitoring of ongoing portfolio import tasks. These enhancements streamline portfolio import, processing, and analysis while supporting deeper integration with existing analytical and operational workflows. “RiskInsight 4.16 represents a significant advancement in automation, performance, and scalability,” said Marshall Pagano, KCC Vice President. “The platform’s extensive API capabilities help (re)insurers automate critical modelling workflows, integrate RiskInsight more deeply into their existing systems, and manage large portfolios with greater efficiency.” Version 4.16 also delivers substantial performance enhancements. Newly created results databases cut storage demands and infrastructure costs without sacrificing resolution, allowing for larger analysis. Version 4.16 expands modelling capabilities with support for Extended Replacement Cost, Guaranteed Replacement Cost, and Building Actual Cash Value endorsements, along with enhanced support for Roof Actual Cash Value. New reporting options, including account-level and user-defined results provide additional granularity for portfolio analyses and aggregation. RiskInsight supports major exposure data formats, including KCC’s Open Exposure Format (OEF), which captures policy terms and endorsements like Roof Actual Cash Value more precisely than legacy formats. Version 4.16 offers OEF users a redesigned web Importer operating eight too ten times faster and new API endpoints for fully automated ingestion. “RiskInsight continues to deliver the transparency, flexibility, and computational power required by today’s re/insurers and ILS investors,” said Karen Clark, KCC CEO. “This update reflects our commitment to combining advanced catastrophe modelling technology with the automation, integration, and scalability organizations require to support efficient risk management workflows.”
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