Latest news with #propertyrisk
Bloomberg
7 hours ago
- Business
- Bloomberg
Fitch Warns of Rising Mortgage-Bond Risk Due to Extreme Weather
For analysts at Fitch Ratings, the recent demolition of a Swiss village by a glacier is fresh proof that climate change is altering the laws of mortgage risk. The world looked on in shock last month as 3 million cubic meters of rock and mud buried the Swiss village of Blatten. The Alps are already about 2C hotter than they were at the time of the industrial revolution, meaning glaciers are continuing to thaw at a dangerous pace. And with global warming currently on track to be roughly double the critical threshold of 1.5, scientists warn that the risk of property damage caused by floods, mudslides, fires and storms is growing by the day.
Associated Press
12-05-2025
- Business
- Associated Press
KatRisk Announces Acquisition of Gamma, Expanding Capabilities in Location Intelligence and Property Risk Assessment
LA JOLLA, Calif., May 12, 2025 /PRNewswire/ -- KatRisk, the leading provider of catastrophic risk modeling software to the insurance and financial services industries, is pleased to announce the acquisition of Gamma, a pioneering company in location intelligence and property-level risk assessment. This strategic move bolsters KatRisk's expertise in risk analytics, enabling the delivery of more precise insights and next-generation technologies that drive smarter decisions. Gamma has built a reputation for delivering trusted property-level risk data. Their flagship platform, Perilfinder™, is a widely recognized address-level risk assessment, exposure management, and underwriting solution developed in partnership with some of the world's largest general insurers. With this acquisition, KatRisk will integrate Gamma's expertise in property-level visualization, providing clients with intuitive map-based risk insights, dynamic dashboards, and enhanced spatial analytics. The ability to visualize risk at the property level, from flood, wind, and wildfire exposure to other peril data, will provide insurers with unparalleled clarity in risk selection and portfolio management. 'Our acquisition of Gamma is a major step forward in our mission to provide the most comprehensive, high-resolution risk data available,' said Brandon Katz, EVP of Strategy at KatRisk. 'By combining our catastrophic risk models across floods, storms, and fire with Gamma's location intelligence capabilities, we will deliver an even more powerful suite of tools that improves risk selection, reduces loss ratios, and enhances underwriting efficiency.' 'The combination of Gamma and KatRisk represents an exciting opportunity for our customers and partners,' said Feargal O'Neill, CEO of Gamma. 'Joining KatRisk gives us access to the world's leading catastrophe modelers, while opening global markets for Perilfinder™. Together, our combined strengths in catastrophe modeling and location intelligence will empower insurers and underwriters to make smarter, faster risk decisions with greater confidence.' The acquisition of Gamma reinforces KatRisk's commitment to advancing innovation, deepening technical expertise, expanding global reach, and solidifying its position as a market leader in catastrophe and property risk analytics. Together, KatRisk and Gamma bring proven capabilities across continents, with a strong track record in North America and Europe. This milestone builds on the strategic backing of KatRisk and Technosylva by TA Associates and General Atlantic BeyondNetZero, reflecting a shared commitment to delivering scalable, data-driven climate resilience solutions. About KatRisk KatRisk, a Technosylva company, is a global leader in climate catastrophe risk modeling, supporting clients in over 190 countries. Founded in 2012, KatRisk quantifies risk from global weather extremes, including floods, storm surges, hurricanes, hail, wildfires, and tornadoes. KatRisk's industry-leading simulation software platform, SpatialKat, allows customers to model the impacts of climate change, such as sea level rise and changes in extreme precipitation. Built on an open data architecture and designed for rapid execution, KatRisk empowers insurance, reinsurance, and financial services companies to assess catastrophe risk and make more confident, data-driven decisions in underwriting and portfolio management. For more information, visit About Gamma Founded in 1993, Gamma is a leading provider of location intelligence and property risk solutions, operating through two divisions: Gamma Risk and Gamma Labs. Gamma Risk offers advanced tools notably Perilfinder™ and AddressLink™, enabling insurers, lenders, and public agencies to access accurate, frictionless, property-level risk data for underwriting, exposure management, and ESG reporting. Gamma Labs develops innovative cloud-hosted solutions such as BERWOW and EPCWOW promoting retrofit and sustainability, as well as location intelligence platforms supporting custom applications. ISO 27001 certified and driven by continuous R&D, Gamma is trusted across Ireland, the UK, and beyond. Learn more at View original content to download multimedia: SOURCE KatRisk
