Ms. Karen Clark This is Me

Education

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1. 1. AIRCurrents : 2008

   www.air-worldwide.com/_public/ - [Cached]

   Published on: 6/2/2008   Last Visited: 6/2/2008

   The Conference on Operation of Non-life Insurance Companies: Financial Monitoring & CAT Insurance included presentations from AIR Worldwide President and CEO, Karen Clark, Senior Vice President, Ming Lee, and Research Scientist, Bing-ming Shen-Tu.
   ...
   presenting AIR President and CEO, Karen Clark,

2. 2. AIRCurrents : 2008

   www.air-worldwide.com/_public/ - [Cached]

   Published on: 6/2/2008   Last Visited: 6/2/2008

   Karen Clark, AIR's president and CEO was named to Business Insurance magazine's list of "Women to Watch" in 2006.In its October 9 issue, the publication recognized Ms. Clark as a woman who is leading change in the industry.
   
   As the visionary and architect of the first probabilistic catastrophe model and founder of AIR Worldwide, Ms. Clark has influenced the way the insurance industry manages catastrophe risk for more than 20 years.Under Ms. Clark's leadership, AIR has held a position of technological innovation and the company continues to break new ground with the introduction of scientifically advanced catastrophe models.
   
   Recent examples include the first detailed earthquake model for China, which AIR introduced in 2005.This year, AIR introduced a U.S. Wildfire Model and the first NWP-based winter storm model for the United States.First introduced by AIR for modeling European windstorms in 2000, NWP is a significant risk modeling advancement and the most appropriate technology for modeling complex extratropical cyclones.
   
   Thanks to Ms. Clark's contributions to the insurance industry, catastrophe risk modeling is now incorporated into the day-to-day decision-making processes of insurers, reinsurers, intermediaries, governments and major corporations worldwide.

3. 3. www.air-worldwide.com

   www.air-worldwide.com/_public/ - [Cached]

   Published on: 9/6/2007   Last Visited: 6/2/2008

   BOSTON, September 6, 2007,AIR Worldwide and Karen Clark & Company today announced that Karen Clark, vice chair of AIR Worldwide, has been awarded The Review Worldwide Reinsurance Awards' Lifetime Achievement award.The prestigious award recognizes an individual who has made the most outstanding long-term contribution to the re/insurance industry.
   
   The Worldwide Reinsurance Awards judging panel, which is made up of CEOs and senior executives from within the industry, selected Ms. Clark after reviewing nominations from around the world.The award was presented to Karen Clark at a ceremony on Wednesday, September 5th held at The Dorchester hotel in London.The judges referred to Ms. Clark as, "the founder of modern day modeling," who "put modeling on the map."
   
   As the founder of AIR Worldwide, Karen Clark is an internationally recognized expert in the field of catastrophe risk modeling.In 1987, Ms. Clark pioneered the probabilistic catastrophe modeling techniques that revolutionized the way insurers, reinsurers and financial institutions manage their catastrophe risk.In addition, she has led the development of innovative technologies that enable companies to identify, quantify and plan for the financial consequences of catastrophic events.In 2000, she was selected by Business Insurance as one of the "Top 100 Women in the Insurance Industry."In 2001, Ms. Clark was honored as "Woman of the Year" by the Association of Professional Insurance Women (APIW) and in 2006, she was selected by Business Insurance as a "Woman to Watch."
   
   "Receiving the Lifetime Achievement Award is a great honor for me," Ms. Clark said."And while it was extremely challenging to create and develop the catastrophe modeling discipline, this award also speaks to the industry's ability to embrace new, highly sophisticated technology for complex insurance decisions.I'm now looking forward to working with companies to take the industry to the next level with respect to catastrophe risk management."
   
   In August 2007, Ms. Clark launched a new independent firmâ€"Karen Clark & Companyâ€"to help companies better use catastrophe models as sophisticated tools for making important risk management decisions.
   
   "Karen Clark created an industry when she founded AIR, with a vision to change the way companies assess and manage their catastrophe risk," said S. Ming Lee, president and CEO of AIR Worldwide.
   ...
   Karen Clark & Company was formed by Karen Clark, internationally recognized expert in the field of catastrophe risk assessment and management.Ms. Clark developed the first hurricane catastrophe model and in 1987 founded the first catastrophe modeling company, Applied Insurance Research (AIR) which subsequently became AIR Worldwide Corporation after acquisition by Insurance Services Office in 2002.She has spent over 20 years working closely with meteorologists, seismologists, engineers and other experts to develop the most scientifically advanced catastrophe models, and she has developed processes to validate catastrophe models for all types of natural hazards in 50 countries.Ms. Clark has led the development of software applications that are used globally as standard tools for catastrophe risk assessment and management.She formed Karen Clark & Company to help client companies derive full value from the risk assessment tools.