Best KatRisk Alternatives in 2026
The top KatRisk alternatives are Aon PathWise, FIS Insurance Risk Suite and SAS Insurance: 15 insurance analytics software our editors would look at instead of KatRisk, in our ranking order.
KatRisk: Broad multi-peril modeling and portfolio analytics delivered through web and API workflows. Where it falls short: pricing is handled through contact-sales requests rather than self-serve plans.
Switching from KatRisk? For most insurance analytics software buyers the best KatRisk alternative is Aon PathWise, built for enterprise actuarial and financial risk analytics.
Why People Look for a KatRisk Alternative
- Pricing is handled through contact-sales requests rather than self-serve plans
- Cloud deployment may not suit teams requiring on-premises hosting
- Specialized catastrophe focus may not fit needs outside risk and portfolio analytics
Quick Picks by What You Need
- Best overallAon PathWise9.4
Enterprise actuarial and financial risk analytics
Visit Aon PathWise
All 15 KatRisk Alternatives, Ranked
Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.
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Best forEnterprise actuarial and financial risk analytics
- Better than KatRisk:
- Editor score 9.4 vs 7.8
A broad actuarial and risk platform for enterprise life and annuity insurers and reinsurers.
9.4/10★★★★★Visit Aon -
Best forInsurers needing end-to-end actuarial risk management
- Better than KatRisk:
- Editor score 9.3 vs 7.8
A broad actuarial and risk suite for insurers that need connected modeling and reporting.
- Catastrophe modeling
9.3/10★★★★★Visit FIS -
Best forInsurers needing governed analytics and reporting
- Better than KatRisk:
- Editor score 9.2 vs 7.8
A broad insurance analytics portfolio for insurers managing actuarial, capital and regulatory work.
- Catastrophe modeling
9.2/10★★★★★Contact SAS -
Best forGuidewire-centered insurance analytics teams
- Better than KatRisk:
- Editor score 9.1 vs 7.8
A broad analytics portfolio built around Guidewire workflows for insurers.
9.1/10★★★★★Contact Guidewire -
Best forInsurers modeling catastrophe risk across portfolios
- Better than KatRisk:
- Editor score 9.0 vs 7.8
A broad insurance analytics portfolio with Touchstone for catastrophe and exposure modeling.
- Catastrophe modeling
9.0/10★★★★☆Contact Verisk -
Best forInsurers analyzing portfolio and property risk
- Better than KatRisk:
- Editor score 8.9 vs 7.8
Portfolio, property and casualty risk analytics with applications, APIs and consulting.
- Catastrophe modeling
8.9/10★★★★☆Contact Swiss Re -
Best forInsurers managing capital, solvency and profitability
- Better than KatRisk:
- Editor score 8.8 vs 7.8
Capital, profitability and Solvency II analysis with cloud and desktop deployment.
- Catastrophe modeling
8.8/10★★★★☆Visit WTW -
Best forCommercial insurers modernizing pricing workflows
- Better than KatRisk:
- Editor score 8.6 vs 7.8
A governed pricing and portfolio platform for commercial insurers, reinsurers, and MGAs.
- Catastrophe modeling
8.6/10★★★★☆Visit site -
Best forLife insurers needing actuarial projections and ALM
- Better than KatRisk:
- Editor score 8.5 vs 7.8
A life-insurance modeling system spanning pricing, projections, reporting and ALM.
8.5/10★★★★☆Contact Milliman -
Best forInsurers governing pricing and underwriting analytics
- Better than KatRisk:
- Editor score 8.4 vs 7.8
Govern pricing models and underwriting workflows while connecting them to core systems.
8.4/10★★★★☆Visit Optalitix -
Best forEstablished claims and policy fraud programs
- Better than KatRisk:
- Editor score 8.3 vs 7.8
A fraud-focused analytics product for insurers managing claims, policy and network investigations.
8.3/10★★★★☆Contact PwC -
Best forPersonal-injury medical claims operations
- Better than KatRisk:
- Editor score 7.9 vs 7.8
Medical-record analysis and advisor workflows for personal-injury claims teams.
7.9/10★★★★☆Visit Verisk -
Best forInsurance compliance and adverse-media screening
- Better than KatRisk:
- Editor score 7.9 vs 7.8
A compliance-focused risk database with AI filtering and continuous monitoring.
7.9/10★★★★☆Visit Moody’s Grid -
Best forMid-market and enterprise insurers monitoring supplier risk
- Better than KatRisk:
- Editor score 7.9 vs 7.8
Supplier risk intelligence with monitoring, alerts, scorecards and supply-chain mapping.
7.9/10★★★★☆Contact Moody’s -
Best forBenefits enrollment and COBRA administration
- Better than KatRisk:
- Editor score 7.9 vs 7.8
A configurable benefits and COBRA administration platform for mid-market and enterprise employers.
7.9/10★★★★☆Visit WTW
KatRisk Alternatives: Common Questions
What is the best alternative to KatRisk?
Aon PathWise: #1 in our Insurance Analytics Software ranking, with an editor score of 9.4 out of 10. A broad actuarial and risk platform for enterprise life and annuity insurers and reinsurers.
Why do people look for KatRisk alternatives?
Pricing is handled through contact-sales requests rather than self-serve plans; Cloud deployment may not suit teams requiring on-premises hosting; Specialized catastrophe focus may not fit needs outside risk and portfolio analytics.
How do I switch from KatRisk?
Export your data from KatRisk (most tools have an export in their settings). Sign up for the alternative; start on its free plan or trial if it has one. Import your export and set up the integrations your team relies on. Run both side by side for a short while, then cancel KatRisk.
How to Switch from KatRisk
- Export your data from KatRisk (most tools have an export in their settings).
- Sign up for the alternative; start on its free plan or trial if it has one.
- Import your export and set up the integrations your team relies on.
- Run both side by side for a short while, then cancel KatRisk.
KatRisk vs Each Alternative
| # | Tool | Paid from | Analytics areas | Modeling methods | Catastrophe modeling | Score |
|---|---|---|---|---|---|---|
| 18 | KatRisk | Underwriting; pricing; exposure management; portfolio analytics; accumulation and concentration analysis; event response; reinsurance and ILS optimization; risk assessment | Physics-based hydraulic and hydrodynamic modeling; probabilistic, deterministic, and stochastic simulation; financial loss modeling; seismic hazard, exposure, and vulnerability modeling | Yes | 7.8 | |
| 1 | Aon PathWise | pricing; product development; projections; valuation; financial reporting; capital management; asset-liability management; hedging; economic scenario generation; risk analytics | stochastic simulations; nested simulations; real-world and risk-neutral economic scenario generation | 9.4 | ||
| 2 | FIS Insurance Risk Suite | Actuarial modeling; cash-flow and asset-liability management; capital modeling; pricing; reserving; claims analysis; reinsurance; risk and regulatory reporting | Deterministic and stochastic scenarios; actuarial models; machine-learning predictive analytics; generalized linear models (GLMs); generalized additive models (GAMs); tree, boosted and bagged methods; unsupervised clustering and anomaly detection | Yes | 9.3 | |
| 3 | SAS Insurance | underwriting; claims; fraud detection; risk and compliance; actuarial modeling; pricing and ratemaking; capital management; regulatory reporting | actuarial frequency/severity distributions; premium and risk modeling; explainable machine learning; stress testing; sensitivity analysis | Yes | 9.2 | |
| 4 | Guidewire Analytics | Underwriting and risk selection; pricing; claims triage, settlement and performance; policy, billing and claims business intelligence; cyber risk; catastrophe claims response | Neural networks (including deep neural networks), decision trees, GLM/GAM, text mining; import of models built in R and Python | No | 9.1 | |
| 5 | Verisk Insurance Analytics | underwriting, claims, fraud detection, market analysis, catastrophe risk assessment | catastrophe loss modeling; geospatial deterministic risk analysis; custom non-Verisk models | Yes | 9.0 | |
| 6 | Swiss Re P&C Analytics | Portfolio analysis and optimisation; property risk and exposure; motor underwriting and pricing; commercial insurance; liability pricing and accumulation risk; market growth strategies | Proprietary risk modelling; actuarial expertise; data analytics; forward-looking exposure-based modelling; predictive property risk model | Yes | 8.9 | |
| 7 | WTW Igloo | Capital and risk modeling; portfolio profitability and risk; reinsurance and exposure limits; Solvency II calculations; capital projections; regulatory reporting | Solvency II standard formula; configurable internal and partial internal capital models; scenario and sensitivity analysis | Yes | 8.8 | |
| 8 | hyperexponential hx | Submission triage; pricing and rating; risk assessment; renewals; portfolio monitoring and analysis; reinsurance management; actuarial modeling | Python-based actuarial calculations; quota-share, excess-of-loss, and property catastrophe treaty models; loss-curve benchmarking; what-if and scenario analysis | Yes | 8.6 | |
| 9 | Milliman MG-ALFA | Product development and pricing; financial management and reporting; risk management; regulatory compliance; asset-liability management; planning and forecasting | Actuarial projections; stochastic financial projections | 8.5 | ||
| 10 | Optalitix | Pricing and underwriting analytics; quote and conversion analysis; model performance; portfolio risk exposure; pricing trends; reinsurance pricing and loss analysis | Excel, Python, R, SQL and GLM models; loss distributions; IBNR forecasts; loss simulation; scenario testing | 8.4 | ||
| 11 | PwC Risk Detect for Insurance | Claims fraud; policy fraud; organized fraud networks; investigation analytics | Multi-layered analytics; risk indicators; machine learning; generative AI | 8.3 | ||
| 12 | Mavera DSS | 7.9 | ||||
| 13 | Moody's Grid | 7.9 | ||||
| 14 | Moody’s Supplier Risk | 7.9 | ||||
| 15 | BenefitConnect | 7.9 |
Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026
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