GC enters pact with KCC

Guy Carpenter & Company, LLC announced that it has entered into a global, multi-year agreement with Karen Clark and Company (KCC) to license their catalogue of natural catastrophe models, execution software and analytics.

The agreement will provide Guy Carpenter’s clients with access to KCC’s contemporary suite of natural peril models, software, visualisations and scientific approaches to support decision making across a breadth of underwriting, portfolio management and risk transfer use cases. Combining expert model science and emerging client needs with the advanced and innovative models and open approach to catastrophe modeling offered by KCC, will better position Guy Carpenter to provide its clients with greater innovation, choice and control.

Commenting on the agreement, Rob Bentley, CEO, strategic advisory at Guy Carpenter, said: “Across our industry, practitioners are actively reassessing the costs, technical foundations, business utility and vendor relationships underpinning the existing cat model ecosystem, as long-held views of modeled risk are challenged. We firmly believe that at a time of industry change, our partnership with KCC represents a meaningful step-change in giving our clients choice along with experienced advisory support as they consider and embrace a different future.”