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KatRisk: a decade of catastrophe modelling

InsTech’s Ali Smedley speaks to Dag Lohman, CEO and Co-founder of KatRisk, about how climate data is built into its hurricane and flood models, the data challenges of ESG reporting and what is needed to create catastrophe models.

Member Spotlight: KatRisk

Dag, what is your background and why did you found KatRisk?

I originally studied physics and conducted my PhD in climate science – specifically on how to combine hydrology with climate and weather prediction models. I worked at Princeton University for a few years and then for various US government weather and environment agencies. I then realised that neither academia nor government was my future; I wanted something more entrepreneurial.

I worked for RMS where I built continental-scale models for Germany and the UK, as well as simulation methodologies. After almost eight years, I left the company to build something of my own with two former colleagues and friends. We created KatRisk due to the opportunities we saw in the market – at the time, there was a lack of high-quality global flood models.

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