KatRisk gets private equity investment from TA to accelerate growth

KatRisk, a specialist provider of catastrophe modelling solutions for a growing range of perils including flood, wind, fire, weather and climate risks, has secured a growth investment from private equity investor TA Associates.

KatRisk began as a flood modelling specialist and has achieved significant success there, not least in becoming the third-party risk modelling agent to support the US National Flood Insurance Program (NFIP) and its FloodSmart Re catastrophe bond program.

Now, KatRisk provides weather and risk quantification analytics for global weather extremes, such as floods, storm surges, hurricanes, hail, wildfires and tornadoes, while its product range also allows clients to assess climate risk exposure as well.

The KatRisk product range, including SpatialKat and SoloKat, are already utilised by some of the largest insurance, reinsurance and financial services companies around the world, in helping them to assess and quantify the potential impacts of catastrophe, weather and climate risks.

The growth investment from TA Associates is expected to help KatRisk continue on its growth path, while innovating to deliver more and improved risk modelling capabilities.

“We couldn’t be more excited to work alongside TA to expand our product offerings and better serve our clients with additional resources,” Dag Lohmann, CEO of KatRisk commented on the capital raise. “Our recent 5.0 release of SpatialKat covers Australia & New Zealand with TC wind, storm surge, inland flood and hail (US). We are also working to add more perils, such as wildfire & tornado, that we plan to release soon via hazard maps, APIs, our location-level loss product SoloKat, and our industry-leading SpatialKat platform. We are grateful to our clients for their continued collaboration as we begin the next chapter of our growth journey.”

“TA’s investment shows deep confidence in our solutions and further validates our mission to deliver exceptional value to clients on a daily basis,” added Guy Morrow, President of KatRisk. “With TA’s support and significant experience scaling software companies, we look forward to meaningfully expanding and advancing our solutions to meet the evolving needs of our customers.”

“We are deeply impressed by KatRisk’s best-in-class catastrophe modeling software, and believe the Company is uniquely positioned to drive meaningful impact at scale,” explained Charles Ha, Senior Vice President of TA. “We look forward to partnering closely with Dag, Guy, Swami, Brandon and the entire global KatRisk team to support their platform enhancements.”

“TA has a long history of partnering with founder-owned software companies and decades of sub-sector expertise in risk management and simulation modeling, particularly businesses focused on natural catastrophes and global climate change like our recent investment in Technosylva,” added Ashu Agrawal, Managing Director at TA. “We are excited by this opportunity to support KatRisk’s continued journey.”

KatRisk currently sits in fourth place in our catastrophe bond risk modellers leaderboard.