KatRisk, a global provider of catastrophe risk modeling software for the insurance and financial services industries, announced that it has acquired RED, a specialist in catastrophe modeling across earthquake, flood, landslide, and wind risks.
The acquisition is aimed at strengthening KatRisk’s multi-peril modeling capabilities and accelerating the development of a high-fidelity U.S. earthquake model. RED’s European earthquake model will also be integrated into KatRisk’s SpatialKat platform, enabling clients to access earthquake risk modeling alongside other climate and weather-related perils.
With the addition of RED, KatRisk expands beyond its existing strengths in flood, tropical cyclone wind, severe convective storm, and wildfire modeling, further enhancing its ability to provide a unified risk analytics platform for insurers, reinsurers, and financial institutions.
The combined capabilities are expected to support improved risk assessment, underwriting, and portfolio management, particularly as demand grows for integrated climate and geophysical risk insights. The companies also emphasized a shared focus on advancing scientific modeling and analytical tools to improve resilience to natural hazards.
KatRisk, a Technosylva company founded in 2012, supports clients in more than 190 countries and provides simulation software that models the impacts of climate change, including sea level rise and extreme precipitation. RED brings complementary expertise in both climatic and geophysical risk modeling, along with tools used for evaluating sustainability, resilience, and parametric insurance solutions.
The acquisition also reinforces KatRisk’s broader strategy of expanding global reach, deepening technical expertise, and strengthening its position in catastrophe and property risk analytics.
KEY QUOTES:
“Customers are asking for a consistent, multi-peril suite of models from a single trusted provider. By bringing RED into the KatRisk family, we can extend our footprint into earthquake and continue to raise the bar on the quality and speed of catastrophe modeling available to the market.”
Martyn Sutton, General Manager, KatRisk
“Our teams share a common mission: to enhance resilience to climate, weather, and geophysical hazards through improved science and advanced analytical tools.”
Paolo Bazzurro, Co-Founder, RED
