Full-Time
Posted on 9/4/2025
Catastrophe modeling for flood and wind
No salary listed
Remote in USA
Remote
KatRisk provides GPU-accelerated catastrophe modeling for flood and wind risk, offering hosted or on-premise solutions with API access for insurers, reinsurers, and brokers. It runs high-resolution risk models on powerful GPUs to produce fast hazard and loss estimates, which can be deployed in a hosted platform or on a client’s systems and integrated into existing workflows via APIs. The company emphasizes transparency around data and methodologies and works closely with clients to test and customize models. Its goal is to deliver fast, accurate, and transparent catastrophe risk quantification to help clients manage climate-related hazards and make informed decisions.
Company Size
11-50
Company Stage
N/A
Total Funding
N/A
Headquarters
Freiburg, Germany
Founded
2016
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Health Insurance
Flexible Work Hours
Remote Work Options
Performance Bonus
KatRisk, a catastrophic risk modeling software provider, has acquired RED, a specialist in catastrophe models including earthquake, flood, landslide and wind risk. The acquisition will accelerate development of a high-fidelity US earthquake model and expand KatRisk's multi-peril catastrophe modeling portfolio for insurers, reinsurers and financial institutions. RED's European earthquake model will be integrated into KatRisk's SpatialKat platform, giving clients access to earthquake risk alongside existing perils. The acquisition adds RED's proven European earthquake platform and climate peril models to KatRisk's capabilities in flood, tropical cyclone wind, severe convective storm and wildfire modeling. Founded in 2012, KatRisk operates in over 190 countries. The acquisition strengthens its position in catastrophe and property risk analytics across North America and Europe.
Precision flood underwriting with hazard data. * home * > * Vave case study * > * precision flood underwriting with hazard data. Driven by its algorithmic pricing engine, here at Vave Vave Digital Services Ltd. take a data-first approach to underwriting; bringing automation, efficiency and precision to a suite of dynamic products that fit policyholder needs. This allows Vave Digital Services Ltd. to not only proactively adapt to dynamic market conditions to provide accurate real-time quotes, but also satisfy the growing demand and complexity in the US E&S market. Since launching in 2019, whilst expansion of its distribution network and geographic footprint has played an important role, the driver of the flood products steady growth is the continual refinement of its underwriting appetite and pricing sophistication - its ability to identify and target the specific segments of the market where Vave Digital Services Ltd. can be most competitive. Achieving this requires robust real-time monitoring, high-quality hazard data, and the ability to translate data-driven insights into active, fast paced decision-making, all of which have become core to its operating model. When first building out the product, one of Vave's biggest challenges was securing granular, reliable, and consistently structured flood hazard data. Not only that but Vave Digital Services Ltd. needed partners who can support its fast-paced, algorithmic underwriting workflow, whilst simultaneously providing detailed risk level information to be used in building an accurate view of the risk and ultimately calculating a premium. Over time, its relationship with KatRisk has evolved from a sole data provider arrangement into a strategic partnership. As the flood product has grown, Vave Digital Services Ltd. has expanded the range of data points Vave Digital Services Ltd. use, integrated these outputs more deeply into its pricing engine, and collaborated with the KatRisk support team to ensure their outputs align with its underwriting needs as they have evolved. As well as their high-resolution data granularity, KatRisk stood out in the market due to their transparent and robust methodology in building their flood hazard layers, offering a great balance of accuracy and usability that aligns well with its operating model. With their data Vave Digital Services Ltd. is able to assess risk at the location-specific level using a multitude of flood risk indicators, improving the precision and sophistication of its pricing - especially in complex inland flood zones where FEMA maps alone are insufficient - and enabling Vave Digital Services Ltd. to confidently expand across the USA as both its appetite and external market conditions evolve. Their high quality hazard data has allowed for better segmentation of risk, and subsequent identification of desirable pockets of business that align well with its appetite, yet were previously difficult to distinguish. Ultimately, working with KatRisk has driven improvements that have directly supported the growth of its flood product, allowed Vave Digital Services Ltd. to deliver more competitive prices to consumers, and strengthened its position in the market. WELCOME TO A NEW WORLD OF PRECISION UNDERWRITING Contact Vave Digital Services Ltd.: 22 Bishopsgate, London EC2N 4AJ Vave Digital Services Ltd. Registered number 024 73672 Regulated by the Financial Conduct Authority of the United Kingdom, ref. 401125 Appointed representative of Vave Underwriting Agency, Inc. Registered Office: 850 New Burton Rd., Suite 201, Dover, DE 19904 Principal Place of Business: Suite 950, 200 South Wacker Drive, Chicago, Illinois, 60606, USA
KatRisk, a global catastrophe risk modelling and climate analytics provider, has acquired Symfos, the UK-based company behind the Orchestra underwriting and portfolio intelligence platform. Financial terms were not disclosed. The acquisition combines KatRisk's climate and catastrophe risk modelling capabilities with Symfos' underwriting and portfolio decision tools. Orchestra provides insurers with a unified view of portfolio risk, enabling real-time exposure management, scenario evaluation and dynamic pricing without dependency on a single catastrophe model. The combined entity aims to help insurance and reinsurance organisations respond to increasingly frequent and costly climate-driven events including floods, storms and wildfires. The platform will integrate KatRisk's solutions to strengthen risk translation across underwriting, exposure management and executive reporting functions.
In September last year, KatRisk launched a severe convective storm model to aid the insurance industry in managing risks associated with severe weather events.
KatRisk, a La Jolla-based catastrophic risk modeling software provider, has acquired Gamma, a Dublin-based company specializing in location intelligence and property-level risk assessment. The financial terms were not disclosed. This acquisition will enhance KatRisk's offerings with Gamma's expertise in property-level visualization and spatial analytics. The deal is supported by TA Associates and General Atlantic BeyondNetZero.