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Karen Clark & Company (KCC) today announced the release of Version 1.0 of its Severe Convective Storm (SCS) Reference Model. The model is based on advanced scientific modeling techniques and has been validated with high resolution insurer claims data.
Catastrophe modeling firm Karen Clark & Company (KCC) today announced the release of RiskInsight®–lite, a new modeling platform that enables (re)insurers to track their claims and losses in real time from live hurricanes as well as estimate their Exceedence Probability (EP) curves, including PMLs and AALs at location-level resolution.
Insured losses from severe convective storms (SCS) have been above average for the past decade with multi-billion dollar events increasing in frequency. The most recent KCC CATLAB™ Workshop highlighted tools available to insurers and reinsurers to evaluate impacts of SCS on their portfolios and to examine potential climatological trends contributing to increasing SCS losses.
