The acquisition will see KatRisk integrate Gamma’s advanced tools and datasets into its existing risk modeling framework. This integration is expected to significantly strengthen KatRisk’s ability to provide high-resolution insights into risks from floods, storms, and wildfires.
“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, Executive Vice President of Strategy at KatRisk. “By combining our catastrophic risk models 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.”
Gamma’s flagship product, Perilfinder™, will gain access to global markets through the KatRisk platform. The acquisition also opens up opportunities for closer collaboration between catastrophe modelers and underwriters, enabling more precise and confident risk decisions.
“The combination of Gamma and KatRisk represents an exciting opportunity for our customers and partners,” added 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 deal marks a strategic milestone in the evolution of both companies, as they aim to deliver next-generation risk intelligence to the insurance and reinsurance industries worldwide.
