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SpatialKat

Evaluate location, account, and portfolio risks with unparalleled reliability. Navigate underwriting, portfolio management, and reinsurance decisions with confidence.
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Highlights

The world’s largest insurers, reinsurers, and brokerages prefer SpatialKat for our advanced probabilistic modeling capabilities and user-friendly interface.
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01

Fast runtimes that far exceed industry standards

SpatialKat offers unparalleled computation speeds for detailed loss calculations so you can quote, quantify, and optimize portfolios efficiently.​

02

Seamlessly accounts for climate change scenarios

SpatialKat enables users to simulate both current and future conditions with ease and perform sensitivity analyses to understand the potential impacts of climate change on risk.

03

Full financial model

Developed in collaboration with leading global carriers, our financial model is trusted by the world's largest multinational insurance institutions to calculate and articulate losses.

04

Open source technology

Hazard and vulnerability data are open and customizable. Users have efficiently incorporated their own view of risk including implementation of entirely new/proprietary model data.

05

Scalable software

With 25 processors: 1.15 million location exposure, three peril analysis: 12 minutes 4,000 location account, three peril analysis: 55 seconds.

Regions Covered

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Inland Flood

US, Canada, Mexico, Central America, Caribbean, Europe, Australia, New Zealand

Features

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50,000-year simulation event sets

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Open model architecture for customization

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Incorporates climate variability for future risk analysis

Global correlation between peril and region

Global correlation between peril and region

Quantifies risk at the location, account, and portfolio level

Quantifies risk at the location, account, and portfolio level

Full-featured financial model

Full-featured financial model

Ultra high-resolution hazard models

Ultra high-resolution hazard models

Inside SpatialKat

In developing SpatialKat, KatRisk sought to create unrivalled portfolio risk analysis software. We’ve integrated robust components to deliver precise, actionable insights across global climate catastrophe risks.
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Hazard model

Event sets consist of 50,000 years of simulation and incorporate climate variability.

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Vulnerability

SpatialKat incorporates fully modifiable vulnerability curves and associated assumptions.

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Financial model

Developed in collaboration with leading global carriers, our financial model is capable of modeling complex insurance structures.

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Climate change

KatRisk models are capable of quantifying the loss impacts of future climate change at the portfolio and location level.

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Event response

SpatialKat’s event analysis options allow users to understand the potential impacts of critical events on their portfolios before and after the storm.

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Global correlations with SST

Catastrophic events are globally correlated with sea surface temperature (SST) as the main driver. We can establish this through linking teleconnections to large scale droughts and floods.

Model Development Components

Access and deployment

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KatRisk-Hosted

Hosted on AWS and Azure with access via the SpatialKat UI and API.
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On-Premise

Deployed to a client site (installed and running within a few hours) or client-hosted on AWS or Azure.​

Financial model

The SpatialKat financial model allows for quantification of insured losses considering complex financial structures for both primary insurance and reinsurance. Because the model utilizes a sampling approach, calculation methods are transparent, traceable, and fast. Correlation between location samples can be varied based on the spatial proximity of risks.

Financial terms

01

Site

  • Coverage deductibles and limits
  • Property deductibles and limits
  • Site deductibles and limits
02

Policy

  • Special Conditions (sublimits)
  • Min/Max deductibles
  • Coverage deductibles and limits
  • Property deductibles and limits
  • Layer attachment, limit, and share
03

Reinsurance

  • Facultative
  • Quota Share
  • Surplus Share
  • Per Risk

FMKat

FMKat is a module within the SpatialKat software that allows results from any model to be analyzed with the KatRisk financial model.

 

By event-location-coverage losses from any model can be imported, along with financial terms, and run through the KatRisk financial model.

  • Exposure input: Location details and financial policies
  • Analysis settings: Perils to analyze, number of samples, etc.
  • Mean Damage Ratio (or loss) by Event-Location-Coverage
  1. Read in user-supplied Mean Damage Ratios (Loss) by Event-Location-Coverage
  2. Model loss distribution for each location coverage
  3. Sample losses for each location coverage including global and spatial correlations between locations
  4. Run each sample through the financial model to calculate ground up, gross, net, and reinsurance losses at site, policy, account, and portfolio levels

By-event sampled losses at site, policy, account, and portfolio levels for each financial perspective.

Related products and services

Access models with unparalleled reliability

Speak to our team to see how SpatialKat can help you assess catastrophe risk with more confidence.