Andy Thompson’s Post

Parametric Insurer Issue Two OUT NOW Read the full issue here >>> https://bit.ly/4eKjLVX Parametric solutions get their time in the sun. From the University of California to farmers in Austria, many prominent examples of parametric risk transfer in recent years have been found in the primary insurance market. But the use of parametric triggers is also picking up in reinsurance, unlocking capacity to address needs that traditional solutions are unable or unwilling to meet... To continue reading this month's full issue of Parametric Insurer, you must be a subscriber to The Insurer. If you're not a subscriber, we've made five of this month's top articles free to view. Click here to access >>> https://bit.ly/3Y4w9uC The Parametric Insurer Conference & Awards 2024 are being held on 30 October. To register for free for the conference and find out more about the awards, click here https://bit.ly/4eNhWHX From this month onwards, only subscribers to The Insurer will continue to receive the monthly newsletter and retain unlimited access to all Parametric Insurer content. If you don’t have an active subscription and would like full access, enquire with us at [email protected] Our Parametric Insurer partners: Augment Risk | | Berkshire Hathaway Specialty Insurance | CelsiusPro | Descartes Underwriting | Howden | Marsh | NormanMax Insurance Solutions | REVO Insurance | WRMA Incorporated Henry Gale Isabelle Brooker #parametricinsurer #parametric #parametricinsurance #alternativerisktransfer #indexbasedsolutions

🌪️ 𝗘𝗻𝗵𝗮𝗻𝗰𝗶𝗻𝗴 𝗧𝗿𝗼𝗽𝗶𝗰𝗮𝗹 𝗖𝘆𝗰𝗹𝗼𝗻𝗲 𝗣𝗮𝗿𝗮𝗺𝗲𝘁𝗿𝗶𝗰 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲 𝘄𝗶𝘁𝗵 𝗪𝗶𝗻𝗱-𝗦𝗽𝗲𝗲𝗱-𝗮𝘁-𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻 𝗣𝗼𝗹𝗶𝗰𝗶𝗲𝘀 🌪️ In parametric insurance, "wind-speed-at-location" policies offer a precise approach to managing the impact of tropical cyclones. Unlike traditional "cat-in-a-shape" policies that cover large areas, wind-speed-at-location coverage adjusts payouts based on specific wind speeds at designated locations. In the first edition of The Insurer's Parametric Insurer, our Global Head of Data Products, David Schmid, highlighted the critical importance of accurate wind data for cyclones: “There are recurring patterns, however, they can differ quite a lot. Depending on the latitude, intensity, and radius of maximum wind speed, the shape of the wind field can vary. For example, #HurricaneIan had its strongest winds on the left side of its path: A cold front from the northwest pushed the strongest winds to the left side of its track when it made landfall in Florida. Our algorithm captures these asymmetries and unique characteristics of each event.” Reask stands out as the only tropical cyclone data provider offering: 🌍 Accurate modeled wind speed and rainfall data globally. ⏱️ Delivered within 2 days of each cyclone's landfall. 📊 Comprehensive historical wind field dataset, available as a gridded data from 1945. Explore the full article here: https://lnkd.in/ejXQTnCF For more information, contact David Schmid or get in touch via [email protected].  Stay safe, and stay informed with Reask data.  #Insurance #RiskManagement #ParametricCoverage #TropicalCyclones #WindSpeed #WeatherData #StormInsurance #HurricaneCoverage #InsurTech #DataDrivenInsights #Reask #ClimateModeling

Parametric Insurer launches its first edition. Read the full issue for free ---> https://bit.ly/4geurOu It’s good to be different. From climate to supply chains, companies and communities are facing increasingly severe and complex risks beyond those covered by traditional insurance and reinsurance programs. In response, the (re)insurance market has continued to develop a suite of alternative risk transfer (ART) tools, particularly parametric solutions, which can be customised to tricky exposures and respond quickly in a time of need. Parametric risk transfer instruments pay out predefined amounts after trigger events. The value of a claim is agreed in advance or calculated using an index, such as a hurricane’s maximum wind speed. Because this is so different from typical loss adjustment processes, it is suited to different types of exposures. In most cases, parametric solutions – in insurance, derivative or ILS form – are used alongside conventional insurance for aspects of risk that other coverage neglects. This could be a multi-million-dollar deductible in a catastrophe-exposed area, immediate expenses incurred long before claims are adjusted, or business interruption losses not associated with any physical damage. This new publication from The Insurer exists to chart the growth of parametric solutions, analyse developments in the market and demystify the new and unfamiliar. As well as parametrics, we will also report on developments from the broader category of ART, including structured (re)insurance, captives and the role of capital markets. Read the full launch edition for free here ---> https://bit.ly/47hi3cq From October onwards, only subscribers to The Insurer will continue to receive the monthly newsletter and retain unlimited access to all Parametric Insurer content. If you don’t have an active subscription and would like full access, enquire with us at [email protected] Our Parametric Insurer partners: Augment Risk | | Berkshire Hathaway Specialty Insurance | CelsiusPro | Descartes Underwriting | Howden | NormanMax Insurance Solutions | REVO Insurance | WRMA Incorporated #parametricinsurer #parametric #parametricinsurance #alternativerisktransfer #indexbasedsolutions

🆕 INTRODUCING PARAMETRIC INSURER Our new premier publication covering the key developments in index-based insurance and other forms of alternative risk transfer. Set to launch this September, Parametric Insurer will include intelligence on the latest products, transactions and payouts, provide clarity on the nuances of coverage structures and offer informed viewpoints on this fast-growing segment. GET THE LAUNCH ISSUE FOR FREE | SIGN UP HERE https://lnkd.in/g4_9htKQ Parametric insurance, traditionally a niche area of the market, is moving into the mainstream. Corporations, the public sector and insurance companies are turning to parametric structures and other forms of alternative risk transfer for climate, catastrophe and emerging risks that are otherwise difficult to insure. View The Insurer's latest parametric coverage here https://lnkd.in/gzUSiB4i THE TEAM In the lead-up to the new launch, The Insurer’s Analysis Editor and parametric specialist, Henry Gale has created our parametric newsletter, which has attracted over 8000 subscribers on LinkedIn in just four weeks. These include brokers, underwriters and C-suite executives from parametric divisions within Aon, Axa Climate, Gallagher Re, Guy Carpenter, Munich Re, Swiss Re + over 100 other key alternative risk solution companies. Subscribe to Henry's LinkedIn Newsletter for free https://lnkd.in/gW-xYBck All Parametric Insurer content will soon only be exclusively available to subscribers of The Insurer. Make sure your team are ahead of the curve. To find out more about our subscriptions, reach out to Andy Stone at [email protected] Become a Parametric Insurer partner to accelerate your brand exposure to an expertly curated database of over 60,000 industry professionals. Reach out to Spencer Halladey at [email protected] to find out more COMING SOON Our Parametric Insurer Conference and Awards 2024 will be held this October. More details to be released shortly... #parametric #parametricinsurance #alternativerisktransfer #alternativerisk #alternativerisksolutions #indexbasedsolutions

Finally! A proper publication about parametric insurance! Well done, Henry Gale, Spencer Halladey, and everyone at The Insurer. #parametricinsurance #parametric #insurance #reinsurance #computationagent #TheParametricCatalyser

INTRODUCING PARAMETRIC INSURER Our new premier publication covering the key developments in index-based insurance and other forms of alternative risk transfer. Set to launch this September, Parametric Insurer will include intelligence on the latest products, transactions and payouts, provide clarity on the nuances of coverage structures and offer informed viewpoints on this fast-growing segment. GET THE LAUNCH ISSUE FOR FREE | SIGN UP HERE https://lnkd.in/e_uzFHfr Parametric insurance, traditionally a niche area of the market, is moving into the mainstream. Corporations, the public sector and insurance companies are turning to parametric structures and other forms of alternative risk transfer for climate, catastrophe and emerging risks that are otherwise difficult to insure.= View The Insurer's latest parametric coverage here https://lnkd.in/eK68WJ_Z THE TEAM In the lead-up to the new launch, The Insurer’s Analysis Editor and parametric specialist, Henry Gale has created our parametric newsletter, which has attracted over 8000 subscribers on LinkedIn in just four weeks. These include brokers, underwriters and C-suite executives from parametric divisions within Aon, Axa Climate, Gallagher Re, Guy Carpenter, Munich Re, Swiss Re + over 100 other key alternative risk solution companies. Subscribe to Henry's LinkedIn Newsletter for free https://lnkd.in/eA4gHmC9 All Parametric Insurer content will soon only be exclusively available to subscribers of The Insurer. Make sure your team are ahead of the curve. Become a Parametric Insurer partner to accelerate your brand exposure to an expertly curated database of over 60,000 industry professionals. Reach out to Andy Stone at [email protected] to find out more COMING SOON Our Parametric Insurer Conference and Awards 2024 will be held this October. More details to be released shortly... #parametric #parametricinsurance #alternativerisktransfer #alternativerisk #alternativerisksolutions #indexbasedsolutions

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Parametric Insurer launches its first edition. Read the full issue for free ---> https://lnkd.in/ekkb99j4 From climate to supply chains, companies and communities are facing increasingly severe and complex risks beyond those covered by traditional insurance and reinsurance programs. In response, the (re)insurance market has continued to develop a suite of alternative risk transfer (ART) tools, particularly parametric solutions, which can be customised to tricky exposures and respond quickly in a time of need. Parametric risk transfer instruments pay out predefined amounts after trigger events. The value of a claim is agreed in advance or calculated using an index, such as a hurricane’s maximum wind speed. Because this is so different from typical loss adjustment processes, it is suited to different types of exposures. In most cases, parametric solutions – in insurance, derivative or ILS form – are used alongside conventional insurance for aspects of risk that other coverage neglects. This could be a multi-million-dollar deductible in a catastrophe-exposed area, immediate expenses incurred long before claims are adjusted, or business interruption losses not associated with any physical damage. This new publication from The Insurer exists to chart the growth of parametric solutions, analyse developments in the market and demystify the new and unfamiliar. As well as parametrics, we will also report on developments from the broader category of ART, including structured (re)insurance, captives and the role of capital markets. From October onwards, only subscribers to The Insurer will continue to receive the monthly newsletter and retain unlimited access to all Parametric Insurer content. If you don’t have an active subscription and would like full access, enquire with us at [email protected] Our Parametric Insurer partners: Augment Risk | Berkshire Hathaway Specialty Insurance | CelsiusPro | Descartes Underwriting | Howden | NormanMax Insurance Solutions | REVO Insurance | Weather Risk Management Association (WRMA) #parametricinsurer #parametric #parametricinsurance #alternativerisktransfer #indexbasedsolutions #insurance #reinsurance #RVS2024

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Industry experts foresee a rise in demand for parametric insurance in 2024. Martin Hotz, Head of Parametric Nat Cat at Swiss Re Corporate Solutions, sheds light on this trend in his recent interview with Reinsurance News. Explore the growing confidence in parametric insurance and its potential benefits in uncertain times. Check out the article here: https://ow.ly/g9s350QOH0H #Insurance #ParametricInsurance #Insights