Compare the Top Catastrophe Risk Modeling Software in 2026
Catastrophe risk modeling software is specialized software used by insurers, reinsurers, and risk managers to assess potential losses from natural and man-made disasters. It combines historical data, meteorological models, and geospatial analysis to estimate the financial impact of events like hurricanes, earthquakes, floods, and cyber-attacks. The software uses probabilistic and deterministic modeling techniques to predict damage severity, helping organizations make informed decisions on risk transfer, underwriting, and capital allocation. Advanced features often include real-time event tracking, portfolio exposure analysis, and scenario testing to enhance risk mitigation strategies. By leveraging AI, big data, and cloud computing, catastrophe risk modeling software improves accuracy and resilience in disaster preparedness and financial planning. Here's a list of the best catastrophe risk modeling software:
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Oasis Loss Modeling Framework
Oasis Loss Modelling Framework
The Oasis Loss Modelling Framework (Oasis LMF) is an open source catastrophe modeling platform designed to enhance risk assessment through transparency, performance, and innovation. Established as a not-for-profit organization, Oasis LMF offers a comprehensive suite of tools for developing, deploying, and executing catastrophe models without restrictions on modeling approaches. The platform includes a web-based user interface and an API for seamless integration with other systems, facilitating interoperability and ease of use. Core components such as Oasis ktools enable large-scale execution of catastrophe models, while the Oasis Model Development Toolkit supports model development and testing. Emphasizing community collaboration, Oasis LMF's ecosystem comprises over 18 suppliers offering more than 90 models, fostering a diverse and robust modeling environment.Starting Price: Free -
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Touchstone
Verisk
Total risk management solution designed to perform the advanced analytics that you need to own your risk. Understand your estimated exposure to loss from extreme events today—and in the future. More and more companies are choosing Touchstone® as their preferred extreme event risk modeling platform to meet increased needs for performance, transparency, and flexibility. Go from data to insight to action, smarter than ever. Touchstone enables near real-time decision-making, delivering more of the insight you want, not just more data. Spend less timing waiting. Touchstone fuels business agility and innovation by enabling you to bring together internal and external views of risk on one holistic platform. Touchstone provides you with the flexibility to account for your own claims experience, implement assumptions based on your internal research, or perform sensitivity testing by modifying losses from extreme event models by geography, event parameters, primary exposure characteristics, etc. -
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Moody's Intelligent Risk Platform
Moody's Corporation
Moody's Intelligent Risk Platform™ (IRP) is a cloud-native solution designed to enhance risk assessment and decision-making for insurers, reinsurers, and brokers. Leveraging over 30 years of risk analytics expertise, the platform integrates industry-leading Moody's RMS™ models to provide deep insights into various perils, including natural and man-made catastrophes. Its modular architecture offers a suite of applications—such as Risk Modeler™, UnderwriteIQ™, TreatyIQ™, and ExposureIQ™—that streamline workflows across the insurance value chain, from underwriting to portfolio management. Built on Amazon Web Services (AWS), the IRP ensures scalability, flexibility, and continuous innovation, with new features released every six weeks. Additionally, the platform supports over 700 third-party and in-house models through its Open Modeling Engine, facilitating unified multi-vendor risk modeling. -
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Milliman
Milliman
Insurers are awash in data, the question is, how do you get value from it? Milliman is a leader in developing and applying analytics solutions to improve decision making, measure and manage risk, increase predictive accuracy, and automate complex tasks. Leveraging hyper-scale cloud technology and innovative statistical approaches, we can help you discover powerful hidden insights. We handle regulatory assistance for both P&C and life insurance. Get help with the actuarial aspects of financial exams, rate filing, and model reviews related to catastrophic risk. We handle model review for both P&C and life insurance. Validate internal and third-party catastrophe modeling to reduce risk exposure and improve decision-making. With our sophisticated modeling tools and global expertise, we can help you create accurate, actionable financial projections and reporting. We help you understand the implications of pending changes on reserves and capital to ensure continuous compliance. -
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Moody’s Risk Modeler
Moody's Corporation
To improve underwriting, risk transfer, and pricing decisions in an increasingly challenging market, (re)insurers need modeling software that delivers faster analytics, deeper insights, and more efficient workflows. That’s the advantage of establishing Risk Modeler™ as the foundation of your interconnected risk lifecycle. Better understand drivers of risk with greater modeling transparency, flexibility, and customization. Decrease expense ratios, increase productivity, and improve risk insights with third-party modeling. Build new digital workflows and meet evolving business requirements with cloud-native architecture. Risk Modeler can run more than 400 Moody’s RMS models, and more than 300 models available in the Nasdaq platform across multiple regions, perils, and lines of business using a common cloud platform. -
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KatRisk
KatRisk
KatRisk is a catastrophe modeling company that provides global inland flood, storm surge, and windstorm loss assessments for insurers, governments, and financial institutions. Their advanced models enable clients to understand, quantify, and respond to extreme weather events worldwide. Key offerings include SpatialKat and SoloKat, which deliver precise financial risk simulations for natural disasters, allowing insurance companies to prepare for catastrophic events like floods, hurricanes, and severe convective storms. Your specific requirements and use cases dictate the configuration of the open model software, guaranteeing improved results optimized for you. Quickly adjust to evolving dynamics using a flexible framework and open source technology, offering increased transparency. Experience personalized service that prioritizes your unique challenges and objectives in a tailored best-in-class solution. -
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Fathom
Fathom
Fathom's Global Flood Map offers a comprehensive and robust set of hazard data and flood risk information worldwide. It covers all major flood perils, pluvial, fluvial, and coastal, at a ~30-meter resolution, providing depth and extent data for return periods ranging from 1 in 5 to 1 in 1000 years. The map includes climate dynamics, allowing users to assess flood hazards under various future scenarios up to the year 2100. Key features encompass multi-peril flood layers, advanced terrain data through the FABDEM+ digital elevation model, and flexible access options via API, portal, or on-premise hosting. The platform is designed for sectors such as insurance, engineering, financial markets, corporate entities, and international development, enabling them to integrate flood hazard and climate change data into their risk operations effectively. Fathom's commitment to scientific rigor ensures that its models are validated and published in leading academic journals. -
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Cotality Climate Risk Analytics
Cotality
Cotality’s Climate Risk Analytics provides advanced solutions for assessing and mitigating climate-related risks, offering businesses valuable insights to future-proof their operations. By leveraging CoreAI, the platform evaluates environmental factors and helps organizations understand exposure to climate hazards, including natural disasters and weather patterns. With real-time data analysis, predictive modeling, and customizable risk assessments, Climate Risk Analytics empowers companies to make data-driven decisions and develop strategies to minimize the impact of climate risks on their assets, operations, and sustainability goals. -
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Xceedance
Xceedance
Xceedance offers comprehensive catastrophe and exposure management services designed to enhance risk assessment and operational efficiency for insurers. Processing over 120,000 insureds daily, their solutions encompass data standardization, risk assessment, portfolio management, and research-driven technology applications. With more than 50 automation tools and three platform frameworks dedicated to data cleansing, visualization, and model integration, Xceedance enables insurers to make informed, data-driven decisions. Their approach integrates insurance expertise with advanced analytics, facilitating efficient workflows that reduce manual tasks and optimize costs. Additionally, Xceedance provides on-demand catastrophe modeling services, offering flexible, pay-per-use access to over 40 catastrophe models without the need for client infrastructure or annual licensing fees. This service allows insurers to manage exposure and perform predictive modeling effectively. -
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JBA Risk Management
JBA Risk
JBA Risk Management, known as "The Flood People," specializes in advanced flood modeling services, offering comprehensive flood maps, catastrophe models, and analytics that cover 99.98% of the world's landmass. Their solutions are utilized by leading insurers, reinsurers, financial institutions, property companies, and governments to assess and manage flood risk effectively. JBA's global flood data enables clients to understand flood risk at specific properties or locations, facilitating informed decision-making in insurance underwriting, pricing, portfolio management, asset investment, and disaster risk reduction. Their offerings include high-resolution flood mapping, probabilistic flood modeling, and climate change analytics, providing insights into future flood scenarios under various climate conditions. Additionally, JBA collaborates with platforms like Nasdaq's ModEx to enhance accessibility and integration of their models. -
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HurLoss
ARA
HurLoss is ARA's state-of-the-art hurricane catastrophe model designed for property insurers, reinsurers, brokers, and ILS managers to effectively manage risk in hurricane-prone regions. Since 1998, HurLoss has been the foundation for structural design in hurricane-prone states and has been utilized for federal emergency management and mitigation planning nationwide since 2003. The model offers a unified event set covering the entire North Atlantic basin, including the U.S., Caribbean, Bermuda, and parts of Canada, Mexico, and Central America. HurLoss is distinguished by its physics-based hurricane hazard modeling and engineering load and resistance modeling, starting with fundamental principles and validated through claims data. It incorporates future climate conditioning, allowing users to assess risks based on current and projected climatological data, including factors like sea surface temperature and wind shear. -
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Temblor
Temblor
Temblor, Inc. is an innovative catastrophe modeling company specializing in seismic hazard and risk assessment. Temblor’s mission is to raise awareness of seismic risk. We serve the insurance, reinsurance, and insurance-linked security communities, as well as mortgage lenders. Our models build on recently published and independently tested scientific analyses to provide an independent, unbiased, and transparent assessment of risk. Our products include dynamic hazard and loss forecasts after large earthquakes, the first globally consistent insurance loss model, stochastic event sets, and the highest-resolution global site amplification model available today. Additionally, we calculate a building-level Temblor Earthquake Score, which incorporates all factors impacting loss into a single number for risk pricing and selection. -
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GIMS
Tritech Financial Systems
GIMS represents Tritech's efforts of being strategically positioned in the insurance industry with a system that currently incorporates the functionality of the complete insurance processing solution. It provides facilities for the establishment and administration of both property and casualty portfolios. It runs on modern technology, such as Windows, .NET, Oracle and SQL Server. GIMS is a modular client-based system supporting all lines of business and designed to support multiple companies, branches, provinces/states/parishes, and languages. GIMS open and flexible infrastructure is user-definable by way of the System Support Center (SSC). It enables flexibility in the definition and control of the automation of all business processes and desired functionalities, as driven by the client’s business requirements and strategic market directions. Reinsurance tracking across all contract types, facultative, treaty, excess, catastrophe. -
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Gallagher Re
Gallagher Re
Gallagher Re is a global reinsurance broker that collaborates with clients to understand their unique goals, leveraging powerful data and analytics tools to secure tailored reinsurance solutions. As part of Gallagher, one of the world's largest insurance brokerage, risk management, and benefits consulting companies, Gallagher Re offers unparalleled market access and expertise across various industries and specialisms. Their services encompass a wide range of sectors, including aerospace, marine and energy, construction, property, casualty, financial lines, life, accident and health, cyber, motor, credit and surety, mortgage, and agriculture. With a commitment to innovation, strategic insight, and transactional excellence, Gallagher Re provides bespoke products and placements to meet the evolving needs of their clients in an ever-changing risk landscape. -
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Renew Risk
Renew Risk
We provide software that allows our clients to assess risk and provide optimized insurance and financing to renewable energy assets. Pioneering our services in offshore wind, Renew Risk software solutions are being rapidly applied to new asset classes in line with the technological growth of the industry. Our SaaS solution enables users to gain comprehensive insights into risk through sophisticated innovative, and patented, modeling solutions. Offshore wind is one of the most promising and fastest-growing sources of renewable energy in the world. However offshore wind assets also face exposure to extreme weather conditions and natural catastrophes. We believe the growth of renewable energy is secured through improved risk analytics and models software for developers, insurers, and financiers.
Catastrophe Risk Modeling Software Guide
Catastrophe risk modeling software helps organizations evaluate the potential financial and operational effects of natural and human-caused disasters. By combining historical records, scientific data, geographic information, and predictive modeling techniques, these solutions estimate how different events could affect buildings, infrastructure, operations, and insurance portfolios. Businesses, government agencies, financial institutions, and risk professionals use these insights to strengthen planning, improve resilience, and make informed decisions before disasters occur.
As weather patterns evolve and global risks become more complex, organizations are placing greater importance on understanding potential exposures. Catastrophe risk modeling software supports this effort by simulating a wide range of scenarios, allowing users to examine possible outcomes under different conditions. The ability to visualize risks, compare loss estimates, and evaluate mitigation strategies helps decision-makers prioritize investments, allocate resources, and develop more effective emergency response plans.
Modern catastrophe risk modeling software often connects with mapping tools, analytics platforms, business intelligence solutions, and enterprise data sources to provide a more complete view of organizational risk. Advanced reporting capabilities, customizable models, and scalable processing enable users to evaluate portfolios ranging from individual properties to global assets. As regulatory expectations, climate concerns, and financial risks continue to evolve, these solutions play an increasingly valuable role in supporting long-term resilience and strategic planning.
Features of Catastrophe Risk Modeling Software
- Hazard Simulation: Models natural and human-made catastrophe scenarios to estimate how earthquakes, hurricanes, floods, wildfires, storms, or other events may affect assets, operations, and financial outcomes.
- Exposure Management: Organizes and analyzes property, infrastructure, and portfolio information to provide a detailed understanding of what could be impacted during a catastrophic event.
- Risk Scoring: Assigns measurable risk values to locations, buildings, or portfolios, helping organizations compare exposures and prioritize mitigation efforts.
- Loss Estimation: Calculates potential financial losses under multiple catastrophe scenarios, allowing organizations to evaluate possible claims, damages, and recovery costs.
- Scenario Analysis: Lets users test different event assumptions and environmental conditions to understand how changing variables may influence overall risk.
- Geospatial Mapping: Displays assets, hazards, and risk concentrations on interactive maps, making it easier to identify vulnerable regions and geographic patterns.
- Portfolio Analytics: Reviews entire portfolios to highlight exposure concentrations, diversification opportunities, and areas requiring additional protection.
- Climate Data Integration: Incorporates historical records and evolving climate information to improve long-term risk assessments and planning decisions.
- Financial Impact Forecasting: Projects the potential economic effects of catastrophic events, supporting budgeting, insurance planning, and capital allocation.
- Reporting and Dashboards: Generates visual reports, charts, and dashboards that simplify complex risk information for executives, analysts, and stakeholders.
- Regulatory Support: Helps organizations prepare documentation and analyses that align with industry regulations, reporting standards, and internal governance requirements.
- Data Validation: Reviews incoming exposure and location data for inconsistencies, missing values, or errors that could reduce modeling accuracy.
- What-If Comparisons: Enables side-by-side comparisons of multiple catastrophe scenarios to evaluate different planning strategies and investment decisions.
- Historical Event Analysis: Examines previous catastrophe events to identify trends, validate assumptions, and strengthen future risk assessments.
- Customizable Model Settings: Allows users to adjust assumptions, parameters, and modeling preferences to better match organizational objectives and risk tolerance.
Different Types of Catastrophe Risk Modeling Software
- Earthquake risk modeling software: Estimates potential damage from seismic activity using hazard maps, structural data, and exposure information.
- Flood risk modeling software: Evaluates inland, coastal, and flash flood scenarios to estimate financial and operational impacts.
- Hurricane and cyclone risk modeling software: Assesses wind, storm surge, and rainfall risks across vulnerable regions.
- Wildfire risk modeling software: Measures potential losses from wildfire spread, smoke exposure, and changing environmental conditions.
- Multi-peril risk modeling software: Combines several natural hazards into one framework for broader risk evaluation.
- Climate risk modeling software: Projects long-term environmental changes that may influence future catastrophe exposure.
- Insurance portfolio modeling software: Analyzes accumulated risks across policies to estimate potential claims and capital requirements.
- Infrastructure risk modeling software: Examines how catastrophic events could affect transportation, utilities, and critical facilities.
- Real-time event response software: Incorporates current event information to support rapid impact assessments after disasters.
- Scenario analysis software: Tests hypothetical catastrophe events to improve planning, budgeting, and resilience strategies.
Catastrophe Risk Modeling Software Advantages
- Improves risk visibility: Helps organizations understand potential disaster impacts across assets, operations, and financial exposure.
- Supports informed planning: Enables better preparation by evaluating multiple disaster scenarios before they occur.
- Strengthens financial decisions: Assists with estimating potential losses for budgeting, reserves, and long-term investments.
- Enhances portfolio analysis: Identifies concentration risks across locations, properties, and insured assets.
- Promotes regulatory readiness: Produces reports and documentation that support compliance with industry expectations.
- Increases operational resilience: Helps organizations prepare response strategies that reduce disruption during catastrophic events.
- Refines underwriting accuracy: Provides deeper insights that improve pricing and risk selection decisions.
- Enables scenario testing: Compares different assumptions to evaluate possible outcomes under changing conditions.
- Improves resource allocation: Prioritizes mitigation efforts where potential losses and operational risks are greatest.
What Types of Users Use Catastrophe Risk Modeling Software?
- Insurance carriers: Evaluate catastrophe exposure to support underwriting, pricing, and portfolio decisions.
- Reinsurance organizations: Measure aggregated risks to structure coverage and manage financial exposure.
- Risk managers: Assess potential disaster impacts across facilities, assets, and operations.
- Government agencies: Analyze natural hazard scenarios to improve emergency planning and resilience efforts.
- Engineering consultants: Estimate infrastructure vulnerability using hazard and damage projections.
- Financial institutions: Review catastrophe-related risks affecting investments, lending, and asset portfolios.
- Utility providers: Prepare for weather-related disruptions through scenario analysis and infrastructure planning.
- Property owners: Understand disaster risks before acquiring, developing, or protecting valuable assets.
- Construction firms: Identify location-specific hazards to support safer project planning and design.
- Environmental planners: Incorporate catastrophe risk assessments into land use and long-term resilience strategies.
How Much Does Catastrophe Risk Modeling Software Cost?
Catastrophe Risk Modeling Software pricing varies based on deployment type, feature depth, user count, and the complexity of the risk analysis required. Smaller organizations may find entry-level subscription plans that provide core modeling capabilities at a manageable monthly or annual cost. Larger businesses, insurers, and enterprises often require more advanced functionality, broader data access, and higher processing capacity, which typically results in higher licensing fees. Organizations with specialized regulatory, reporting, or analytical requirements should expect pricing to reflect those additional capabilities.
The total cost of ownership extends beyond the initial subscription or licensing expense. Implementation, user training, data migration, customization, technical support, and ongoing maintenance can all contribute to the overall investment. Some vendors also structure pricing according to the number of users, modeling scenarios, geographic coverage, or available datasets. Comparing both upfront and long-term costs helps organizations determine which solution delivers the greatest value for their operational needs.
Catastrophe Risk Modeling Software Integrations
Catastrophe Risk Modeling Software can integrate with many types of software to support risk assessment, data analysis, and business operations. Geographic information system tools are commonly connected to provide location-based data and mapping capabilities. Data management platforms can integrate to organize large datasets and maintain consistent information across workflows. Analytics and business intelligence solutions help transform modeling results into reports and visual insights for decision-makers.
Many organizations also connect Catastrophe Risk Modeling Software with enterprise resource planning systems to align risk information with financial and operational processes. Customer relationship management solutions can exchange relevant client and policy information when needed. Document management tools help centralize reports, regulatory records, and supporting documentation. Cloud storage platforms, workflow automation solutions, and reporting tools can also integrate with Catastrophe Risk Modeling Software to improve collaboration, increase efficiency, and support faster access to critical information across departments.
What Are the Trends Relating to Catastrophe Risk Modeling Software?
- Artificial intelligence is improving risk analysis through faster processing and more refined predictive models.
- Climate data integration is expanding to better evaluate evolving environmental threats and disaster patterns.
- Cloud-based platforms are replacing on-premises deployments for greater scalability and collaboration.
- Real-time data feeds are enhancing model accuracy during active weather and disaster events.
- Geographic visualization tools are becoming more advanced for detailed exposure mapping and analysis.
- Regulatory reporting capabilities are growing to support changing compliance requirements across industries.
- Scenario modeling is becoming more sophisticated for stress testing and long-term planning.
- Integration with insurance and financial tools is increasing to streamline operational workflows.
- Automation is reducing manual data preparation and accelerating risk assessment processes.
How To Choose the Right Catastrophe Risk Modeling Software
Selecting the right catastrophe risk modeling software begins with understanding the hazards, geographic regions, and asset types your organization needs to evaluate. Look for a solution that offers reliable modeling capabilities, flexible reporting, and the ability to analyze multiple risk scenarios. It should integrate smoothly with your existing business tools and support the volume of data your team manages. Consider how easy it is to update models, customize assumptions, and generate insights for different stakeholders. Review the quality of documentation, training resources, technical support, and security measures before making a decision. The ideal choice provides accurate analysis, supports future growth, and delivers meaningful value without adding unnecessary complexity.
Utilize the tools given on this page to examine catastrophe risk modeling software in terms of price, features, integrations, user reviews, and more.
