#USA #La Jolla #KatRisk #Gamma #Perilfinder

KatRisk Expands Its Horizon with Gamma Acquisition

Unveiling New Opportunities

In a strategic move, KatRisk, a frontrunner in catastrophic risk modeling software targeted at insurance and financial services, has acquired Gamma, a notable player in location intelligence and property risk assessment. This acquisition promises to enhance KatRisk’s offerings, allowing for the delivery of more precise analytical insights tailored to the evolving needs of the industry.

Gamma has built a strong reputation for its flagship product, Perilfinder™, a comprehensive address-level risk assessment and exposure management solution that has become indispensable to major insurers worldwide. The integration of Gamma’s technology with KatRisk’s advanced modeling capabilities is set to revolutionize how property-level risks are evaluated in the insurance sector.

Enhancing Analytical Expertise

The acquisition represents a significant leap forward for KatRisk, enabling the incorporation of Gamma's expertise in property-level data visualization. This will empower clients with intuitive, map-based insights and dynamic dashboards that enhance spatial analytics. Insurers will benefit from a clearer understanding of risks associated with floods, wind, and wildfires, leading to more informed decision-making in risk assessment and portfolio management.

Brandon Katz, Executive Vice President of Strategy at KatRisk, emphasized, "Our acquisition of Gamma is a major step forward in our mission to provide the most comprehensive, high-resolution risk data available." He further noted, "By merging Gamma's location intelligence with our catastrophic risk models, we are set to offer a suite of tools that can significantly improve risk selection and underwriting efficiency."

A Partnership for Progress

Feargal O’Neill, CEO of Gamma, expressed excitement about the merger, stating that it presents an “exciting opportunity” for their clients and partners. He highlighted that the acquisition grants Gamma access to leading catastrophe modelers and opens global markets for their Perilfinder™ platform. Together, KatRisk and Gamma aim to leverage their distinct strengths to offer insurers and underwriters the tools needed for quicker and more confident risk evaluation.

Strengthening Market Position

This acquisition will undoubtedly reinforce KatRisk's position as a key player in the field of catastrophe and property risk analytics. With a proven track record in North America and Europe, KatRisk is committed to fostering innovation and expanding its global reach. The backing of renowned firms such as TA Associates and General Atlantic BeyondNetZero reflects a united goal of advancing scalable, data-driven solutions that promote climate resilience.

About KatRisk and Gamma

Founded in 2012, KatRisk is renowned for its sophisticated climate catastrophe risk modeling solutions that aid clients in over 190 countries. Their advanced simulation software, SpatialKat, enables comprehensive modeling of risks stemming from extreme weather events. KatRisk aims to empower clients with data-driven insights for better underwriting and portfolio management.

Gamma, established in 1993, specializes in location intelligence and property risk solutions. They provide accurate and frictionless property-level data to insurers, lenders, and public agencies, thanks to tools like Perilfinder™ and AddressLink™. Gamma's commitment to innovation is evident in their continuous development of cloud-hosted solutions designed for sustainability and enhanced risk evaluation.

In summary, the acquisition of Gamma marks a pivotal moment for KatRisk as it endeavors to redefine risk assessment and analytics in the insurance industry. The fusion of their capabilities is set to bring forth robust solutions that address the complexities of property risks in a changing climate.