Karen Clark & Company Releases Version 4.4 of RiskInsight® Open Loss Modeling Platform
By a
RiskInsight Version 4.4 advances the state of practice for building high resolution custom catastrophe models with a completely transparent and modular design. RI4.4 makes it easier to import custom events and event intensity files and to visualize and verify the hazard data. RI4.4 also provides "plugins" for creating damage functions based on attributes that are not typically utilized in the traditional models.
"Significant investment has gone into making RiskInsight a highly advanced model building platform," said Dr.
The new model building capabilities make it easier to "mix and match" model components. For example, RI4.4 allows users to more efficiently customize the hurricane model damage functions and to use these customized functions with the Reference Model event catalog. Custom models can also now run through the job manager so performance is on par with KCC Reference Models.
"An important part of our relationship with clients is helping them leverage their own expertise and proprietary data," said
Hurricanes Hermine and Matthew demonstrated the live event capabilities of RiskInsight and how insurers can leverage these unique features to obtain reliable real time loss information. Forecast track information is updated every three hours, and in the 4.4 update, the live event tracking capabilities have been further enhanced.
"As a leading insurer in
"Our clients have been looking forward to the new integration capabilities," said
"The highly skilled KCC development team has successfully released software updates with significant new features and enhancements every six months," said Karen Clark,
Keywords for this news article include: Software,
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