# Catamaran

> AI\-powered risk decision platform for catastrophe risk analysis and reinsurance marketplace access

## At a glance

| Field | Value |
| --- | --- |
| Category | Reinsurance Technology |
| Type | Solutions Provider |
| Region | EMEA |
| Headquarters | London, United Kingdom |
| Founded | 2023 |
| Stage | Startup |
| Employees | 1-10 |
| Funding | Seed |

## Overview

Catamaran is a reinsurance technology and risk analytics platform serving insurers, reinsurers, brokers, and institutional investors. The company enables users to analyze, structure, and transact complex risks -- particularly natural catastrophe perils -- through a combination of AI-driven analytics and a regulated digital marketplace. Originally launched as CatX in 2023, the company rebranded to Catamaran following expansion of its product scope.

The platform integrates with third-party risk modeling tools such as RMS (Verisk) and Cybercube and supports MRCV3 and ACORD export formats. Its three core modules cover risk analysis (frequency, magnitude, and scenario modeling for perils including wildfires, hurricanes, and earthquakes), structured deal configuration, and digital underwriting with automated settlement. A companion product, CatamaranParametric.com, launched in February 2025 to simplify parametric insurance placement.

Catamaran graduated from Y Combinator's Summer 2023 batch and participated in the Lloyd's Lab accelerator. The company raised a GBP 2.15M (approximately USD 2.7M) seed round in November 2023 led by Silicon Valley venture capital firms, with angel participation from HackLegacy. Its marketplace provides access to more than 50 funds managing over USD 600 billion in assets, and has processed over USD 500 million in listed opportunities.

## Products & services

### Catamaran Risk Decision Platform

An AI-powered platform for analyzing and transacting complex risks, including natural catastrophe perils. Users submit property and location data to receive risk insights across wildfire, hurricane, earthquake, typhoon, weather, and hail exposures.

**Key features:**

- Multi\-peril CAT risk scoring with frequency and magnitude modeling
- Average annual loss and maximum probable loss scenario calculations
- Parametric trigger configuration and structural scenario builder
- Digital deal rooms and document extraction
- Automated settlement on trigger events
- API integration with RMS, Cybercube, and ACORD/MRCV3 export

*Target users:* Insurers, reinsurers, catastrophe brokers, institutional investors

### CatamaranParametric\.com

An AI-powered parametric insurance platform launched February 2025. Guides protection buyers and brokers through risk identification, parametric analysis, and coverage structure design.

**Key features:**

- Parametric health check for 360\-degree risk assessment
- Protection builder interface
- Role\-optimized UIs for brokers, insurers, and investors
- Market access connectivity to institutional and alternative capital

*Target users:* Brokers, insurers, corporates seeking parametric risk transfer

### CatX Marketplace

A regulated marketplace connecting (re)insurers and brokers with alternative capital including pension funds, hedge funds, and structured credit funds.

**Key features:**

- Access to 50\+ funds with over USD 600 billion in AUM
- Over USD 500 million in listed opportunities processed
- Digital underwriting and policy execution
- Integration with risk analytics modules

*Target users:* Reinsurers, institutional investors, catastrophe brokers

## Category & focus

- Subcategories: CAT modeling, Parametric insurance, Risk analytics, Digital underwriting
- Insurance verticals: Reinsurance, Specialty/E&S, P&C Commercial
- Target customers: Carriers, Reinsurers, Brokers, MGAs/MGUs

## Notable customers

- North American pension funds and hedge funds
- Insurers and reinsurers
- Catastrophe risk brokers
- Corporates seeking risk transfer

## Links

- Website: <https://trycatamaran.com>
- Directory profile: <https://insurtechlist.com/companies/catamaran/>
- Alternate website: <https://catamaran.insurance>
- Parametric platform: <https://catamaranparametric.com>
- Y combinator profile: <https://www.ycombinator.com/companies/catamaran>

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*Last updated: 2026\-06\-13*