KatRisk expands risk management capabilities with Symfos purchase

Core Insights - KatRisk has acquired Symfos, enhancing its capabilities in catastrophe risk modeling and software for the reinsurance sector [1][2] - The integration aims to streamline risk data usage in underwriting and portfolio management, addressing challenges from natural hazards [2][5] Group 1: Acquisition Details - Financial specifics of the acquisition remain undisclosed [1] - Symfos is known for its Orchestra platform, which focuses on underwriting and portfolio management [1][3] Group 2: Technology Integration - The Orchestra platform provides a consolidated view of portfolio risk, supporting dynamic pricing and scenario analysis [3] - The integration will allow users to utilize various catastrophe models alongside KatRisk's products [3] Group 3: Strategic Goals - The acquisition is intended to simplify the interpretation and application of model outputs in underwriting and financial contexts [4] - Clients will benefit from more flexible reporting tools, enhancing decision-making quality [5] Group 4: Company Vision - Symfos CEO emphasized the alignment of values and ambition with KatRisk, aiming for growth while maintaining a customer-first approach [4] - KatRisk's general manager highlighted the goal of turning complex risk data into actionable insights for insurers [5][6]