Catamaran
Catamaran provides a parametric insurance platform that aggregates risk data from internal files, third-party models, and submissions into a single workspace. The platform automates document extraction from formats like MRC V-3, uses agentic AI for risk analysis and scenario modeling, and connects users directly with capital partners for digital underwriting and automated settlement. It covers perils including earthquake, windstorm, and drought.
- Insurance Technology
- Financial Technology
- Artificial Intelligence
- AI Agents
- Data & Analytics
- Software Only
Funding
Raised to date
$500KRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Founder details are not available yet.
Product
Problem
Insurance and reinsurance professionals face a flood of risk data distributed across internal files, third-party models, submissions, and policy documents, making it difficult to reach confident decisions before market windows close. Fragmented spreadsheets and manual processes slow quoting, underwriting, and risk transfer, increasing operational costs and delaying time to coverage.
Solution
Catamaran provides a parametric insurance platform for structuring, analyzing, and transacting risk transfer. The system automates data extraction from common insurance formats such as MRC V-3, supports multi-modal AI risk analysis, and connects users directly with institutional and alternative capital partners for digital underwriting and automated settlement. It covers perils such as earthquake, windstorm, and drought, with scenario modeling for average annual and maximum probable loss. The platform aggregates all internal and external risk data into one workspace, and its agentic AI flags key risk drivers, stress-tests scenarios, and answers natural-language questions.
Target Audience
Primary users are underwriters, brokers, treaty reinsurers, ILS investors, and risk managers who price, buy, underwrite, or invest in catastrophe risk and need a single platform for risk analysis and transfer.
Features
- Drag-and-drop AI document extraction converts common insurance formats like MRC V-3 into structured data for immediate use
- Multi-modal AI risk analysis quantifies frequency, magnitude, and trends, delivering intelligence through dashboards and concise reports
- Scenario modeling engine calculates average annual loss and maximum probable loss to inform coverage parameters
- Configurable parametric triggers, coverage thresholds, and payout mechanisms informed by real-time data modeling
- Unified risk hub that aggregates internal files, risk-specific details, proprietary models, and external data sources into a single workspace
- Transaction-ready environment that moves users from analysis to quoting, binding, or hedging without leaving the platform
- Risk Explorer visualization tool shows interdependencies and relationships between risks
- Fully modular architecture with all features—document extraction, submission management, risk analytics, scenario modeling—accessible individually through APIs