Who's using what in the insurance industry: October 5, 2015

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Karen Clark & Company (KCC) announced the release of the RI4 update to the RiskInsight open loss modeling platform. The update includes enhanced global mapping capabilities, more detailed and interactive underwriter and CEO dashboards, and significantly advanced model-building tools. In RI4, insurers and reinsurers can build hurricane and earthquake models anywhere in the world by adding custom event catalogs and damage functions appropriate for specific peril regions. RiskInsight’s model-building tools, HazardMapper and DamageRatesManager, have been enhanced in RI4 to make it easier for model builders to create high resolution probabilistic catastrophe models reflecting their own knowledge, expertise and views of risk. The RI4 financial module has global application and is operational for all peril regions. The RI4 maps are fast and interactive so underwriters can zoom in to see increasingly higher resolution data down to individual locations. Data can be aggregated at different levels of geographic resolution and compared across different time periods.

QQSolutions announced the latest release of its revolutionary cloud-based insurance agency management system QQCatalyst. QQCatalyst version 3.7 introduces features, including key enhancements to Marketing Central, a product location that allows an agent to manage an image library, template library and schedule email and print jobs. The new system includes several features designed to assure agency principals and producers that their businesses are more secure while enabling staff to do their jobs more efficiently to meet the changing demands of the modern economy. New features include: