KCC Named Risk Modeling Firm of the Year at Insurance Insider US Honors

Business Wire

NEW YORK--(BUSINESS WIRE)--
Karen Clark & Company (KCC) is pleased to announce the company has been named Risk Modeling Firm of the Year at the 2025 Insurance Insider US Honors.

The judges selected KCC as “one to watch as the industry learns more about their capabilities. They continue to take market share through technical innovation, AI driven modeling and precise outputs.”

KCC has introduced the second generation of catastrophe models that accurately capture all weather and climate impacts to (re)insurer portfolios as well as extreme event risk. KCC is particularly well known for new physical models of the non-peak perils of severe convective storm (SCS), winter storm, and wildfire.

These models produce accurate loss estimates for actual events as well as credible and consistent exceedance probability (EP) curves (re)insurers and ILS investors use for pricing, underwriting, and portfolio management decisions.

“The KCC team is honored to receive this prestigious award that is testament to the high value the industry places on innovation and the advances in risk modeling being delivered by KCC,” said Karen Clark, KCC Co-Founder and CEO. “From my perspective, there has never been a more impressive team of scientists, engineers, software and other modeling experts, and I’m extremely proud of what they’ve already accomplished.”

The award-winning submission centered on the KCC US Wildfire Model, which accurately anticipated the scale of losses from the recent Los Angeles wildfires.

As the wildfires unfolded, KCC provided (re)insurers with daily footprints to estimate their own company losses as well as industry losses—critical information for planning and claims adjusting processes. Those estimates in real time have proven accurate and are well aligned with (re)insurers’ actual losses.

About Karen Clark & Company

Karen Clark & Company (KCC) provides advanced models, innovative software, and comprehensive consulting services for deeper insight into climate, weather, and catastrophe risk. KCC professionals are globally recognized experts in catastrophe modeling and risk management who work with company executives to enhance business strategies, competitive advantage, and financial results. KCC models cover tropical cyclones, extratropical cyclones, severe convective storms, winter storms, wildfires, floods, and earthquakes in over 80 countries. For more information, please visit www.karenclarkandco.com.