Karen Clark & Company

Name

Karen Clark & Company

Legal name

Karen Clark & Company

Website

https://karenclarkandco.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Catastrophe Risk Modeling Software

NAICS

Finance and Insurance (52)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Catastrophe Risk Modeling & Analytics Services (FSAOACAL)

akta.pro secondary industries

Catastrophe Modeling & Exposure Management (FSAOAIAB), Climate Hazard & Catastrophe Modeling (Flood, Wind, Wildfire, Heat, Sea-Level Rise) (EUABALAA), Risk Scoring, Hazard & Geospatial Analytics (FSAOAIAE), Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric) (EUABALAF)

Keywords

• Catastrophe modeling software
• Catastrophe risk analytics
• Loss modeling platform
• Insurance risk modeling
• Weather risk assessment

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Software Platform Licensing: RiskInsight platform licensing provides access to catastrophe models, loss estimation tools, and customization capabilities. The open platform allows third-party models to be hosted alongside KCC's models.
2. Catastrophe Model Licensing: Licensing of KCC's suite of catastrophe models covering tropical cyclones, extratropical cyclones, severe convective storms, winter storms, wildfires, floods, and earthquakes in over 80 countries. Models are available individually or as a full suite.
3. Professional Services and Consulting: Full suite of consulting services including product pricing, strategic planning, and optimized cloud solutions. KCC's modeling and risk management experts provide actionable solutions for complex risk challenges.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Karen Clark & Company develops and licenses the RiskInsight open loss modeling platform and a suite of physics-based catastrophe reference models (hurricanes, earthquakes, floods, wildfires, severe convective storms, winter storms, extratropical cyclones) covering more than 80 countries. These products enable insurers, reinsurers, ILS investors, and brokers to assess, price, underwrite, and manage catastrophe risk, and are complemented by real-time event tracking (LiveEvents), custom model-building tools, and professional consulting services.

Product overview

Karen Clark & Company (KCC) offers a unified platform-plus-modules architecture centered on the RiskInsight Open Loss Modeling Platform, which integrates with specialized catastrophe models, real-time event tracking tools, and model-building utilities. The core RiskInsight platform provides catastrophe risk management applications including geocoding, global mapping, open models, Characteristic Event (CE) metrics, LiveEvents real-time tracking, customization capabilities, and BYO (Build Your Own) model tools. Key integrated products include LiveEvents for real-time event monitoring with daily intensity footprints, WindfieldBuilder for creating custom hurricane intensity footprints, HazardMapper for hazard visualization, and RIUnderwrite for underwriting decisions. KCC's portfolio includes physics-based catastrophe reference models covering tropical cyclones (US, Caribbean, Hawaii, Japan typhoons), extratropical cyclones (Europe), severe convective storms, winter storms, wildfires, floods, and earthquakes across over 80 countries. The company also hosts the annual CATLAB workshop conference and provides consulting services. The models utilize advanced physical modeling technologies with machine learning components and the proprietary Characteristic Event methodology for unbiased spatial coverage.

Differentiator

Problem solved

Functional benefit

Brands

• RiskInsight: Open loss modeling platform for real-time loss estimation, claims analyses, pricing, underwriting, and management reporting.
• LiveEvents
• CATLAB
• Characteristic Events (CE)
• WindfieldBuilder

Products and services

• RiskInsight Open Loss Modeling Platform Comprehensive open loss modeling platform providing catastrophe risk management applications including real-time loss estimation, claims analyses, pricing, underwriting, and management reporting, with customizable models, geocoding, global mapping, CE metrics, LiveEvents, and BYO (Build Your Own) model capabilities.
• US Hurricane Reference Model Physics-based tropical cyclone model providing high-resolution intensity footprints and loss estimates for hurricanes affecting the United States; certified by the Florida Commission on Hurricane Loss Projection Methodology.
• US Winter Storm Reference Model Multi-peril model simulating winter storm events including Nor'easters and Arctic air outbreaks across the United States; Version 3.0 released in November 2025 with updated scientific simulations indicating increased likelihood of $20 billion or greater losses.
• US Wildfire Reference Model Catastrophe model for wildfire risk assessment in the United States; Version 3.0 completed California Department of Insurance PRID review in August 2025 and is accepted for rate filings in 24 other states.
• US Earthquake Reference Model Seismic risk model providing location-level risk across the United States, incorporating known and unknown faults, liquefaction, and fire-following earthquake impacts.
• US Flood Reference Model High-resolution flood risk model for both inland and coastal flood in the United States, incorporating machine learning techniques for digital elevation modeling and climate change impacts; first flood model certified by the Florida Commission on Hurricane Loss Projection Methodology.
• US Severe Convective Storm Reference Model Physics-based multi-peril model providing high-resolution intensity footprints and losses for tornadoes, straight-line winds, and hail in the United States, with daily intensity footprints for real-time claims and loss estimations via LiveEvents.
• European Extratropical Cyclone Reference Model Advanced physical model simulating the atmospheric environment to provide impacts of intense wind events across Europe, capturing the complex structures of extratropical cyclones.
• Japan Typhoon Reference Model Typhoon model for Japan providing high-resolution intensity footprints and loss estimates for tropical cyclone events in the region.
• Caribbean Hurricane Reference Model Regional hurricane model covering Caribbean territories with high-resolution tropical cyclone risk assessment.
• Hawaii Hurricane Reference Model Regional hurricane model for Hawaii providing tropical cyclone risk assessment for the Hawaiian Islands.
• Regional Earthquake Models (Alaska, Australia, Canada, Caribbean, Central America, Hawaii, Japan, Mexico, New Zealand, South America) Suite of regional earthquake models covering Alaska, Australia, Canada, Caribbean, Central America, Hawaii, Japan, Mexico, New Zealand, and South America for seismic risk assessment outside the United States.
• Consulting Services Full suite of professional consulting services including product pricing, strategic planning, and optimized cloud solutions delivered by KCC's modeling and risk management experts to insurance and reinsurance clients.

Quantifiable outcome

• 25% improvement in tropical storm forecasting using NOAA-validated data with unmanned aircraft systems
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature8 records

Partnerships

Five partnerships are on record, tiered core and minor.

• American Family GroupcoreTechnology or Integration · 26 April 2021American Family Group, a major US insurance carrier, entered into a multi-year agreement with KCC for access to catastrophe models and platform services, demonstrating KCC's ability to serve large primary insurance operations.
• Guy CarpentercoreTechnology or Integration · 24 February 2020Guy Carpenter, a leading global risk and reinsurance specialist, licensed the full suite of KCC catastrophe models. This partnership enables Guy Carpenter to provide clients with KCC's advanced catastrophe modeling capabilities for risk assessment and reinsurance structuring.
• TigerRiskminorStrategic or Co-development Partner · 20 July 2009TigerRisk Partners formed a strategic partnership with KCC for catastrophe risk modeling collaboration, combining TigerRisk's advisory capabilities with KCC's modeling expertise.
• National Association of Insurance Commissioners (NAIC)minorImplementation/ SI/ Consulting Partner · 19 May 2009KCC was selected by NAIC to consult on catastrophe models, providing scientific expertise to support regulatory oversight of insurance catastrophe risk assessment methodologies.
• Insurance Institute for Business & Home Safety (IBHS)minorStrategic or Co-development PartnerIBHS research is featured at KCC events, providing research on mitigation measures including FORTIFIED Home standards showing $4 to $11 in future recovery expense savings per dollar invested in mitigation.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Moody's RMS: Direct competitor in catastrophe modeling for insurance and reinsurance; offers RiskLink, RiskBrowser, and a comparable suite of peril models (hurricane, earthquake, flood) used by major insurers and reinsurers globally. Acquired by Moody's in 2021.
• Aon Impact Forecasting: Direct competitor providing catastrophe modeling services to (re)insurers; offers ELEMENTS platform with multi-peril models across global geographies. Operates within Aon's reinsurance solutions division, sharing parentage with Guy Carpenter (a KCC customer).

Broad incumbents

• CoreLogic (Cotality): Broad incumbent in property data and risk analytics for insurance, offering hazard models, property data, and underwriting workflow tools. Overlaps with KCC in catastrophe risk analytics but operates a much wider property intelligence portfolio.
• Verisk: Public insurance analytics incumbent with broad offerings across underwriting, claims, and property risk; provides Touchstone for cat modeling and is a much larger, more diversified competitor. Customers include most major insurers globally.
• Swiss Re Institute: Large global reinsurer with proprietary catastrophe modeling capabilities and Sigma research; while primarily a reinsurer rather than a vendor, it competes for modeling-driven thought leadership and influence over industry risk frameworks.

Emerging players

• ZestyAI: Emerging climate and property risk analytics company using AI and aerial imagery for wildfire and severe convective storm risk assessment; competes with KCC's Wildfire and SCS models at the intersection of climate risk and insurance underwriting.
• Reask: Emerging player in probabilistic climate risk modeling, focused on tropical cyclones and wind hazards; uses physics-based and machine learning approaches that overlap with KCC's methodology for ILS and reinsurance clients.
• CyberCube: Specialty risk modeling company for cyber accumulation risk serving insurers and reinsurers; comparable business model of providing analytics to insurance markets but in a different peril (cyber vs. natural catastrophe).

Others

• Wood Mackenzie (Verisk): Research and analytics provider covering energy and natural resources including climate transition risk; adjacent to KCC's climate-conditioned modeling work and serves similar institutional insurance and investment clients.
• Bloomberg Terminal / Bloomberg Intelligence: Provides catastrophe bond and ILS market data, pricing, and analytics used by ILS investors and reinsurance underwriters; not a direct competitor to KCC's peril models but serves the same capital markets buyers with adjacent data and analytics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/karen-clark-and-company

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Karen Clark & Company