Parametric Insurance
Fresh Capacity. Different Approach. Certainty.
WHO WE ARE
Parametric Risk is a division of XPT Specialty and Flood Risk Solutions, leading insurance distribution providers in the USA. Parametric Risk was formed to provide access to custom Wind, Flood and Business Interruption parametric insurance policies and programs with cutting-edge analytics and custom policy triggers. Parametric Risk is excited to partner with Risk Managers and their representatives/brokers across the United States and the Caribbean.
Why Parametric Risk
We work with numerous data providers for key data analytics and can customize triggers with our capacity providers. Explained in simple terms, understood by Risk Mangers, Lenders, and Company Directors.
Immediate Claim Payments
Receive payment within 48 hours of policy triggered. Collect immediate claim funds to continue and stay in operations.
Reduce Basis Risk
Customize the policy triggers to virtually eliminate Basis risk.
Fill in the Gaps
Fill in the gaps and procure enough coverage to stay in operations without breaking the bank.
Supplement High Deductibles
With ever increasing deductibles and not enough affordable buy down programs, supplement the coverage with a parametric trigger.
Lender Approval
We can work provide Lenders with sufficient information to consider approving the parametric program to supplement or replace the traditional indeminty policies.
Fresh Capacity. Different Approach. Certainty.
Parametric Wind
Parametric Wind offers customized insurance policies with device wind speed triggers and/or with data tracked and provided by nationally recognized organizations. Working with $100M in Capacity in USA and Caribbean.
Parametric Flood
Custom Parametric Flood insurance policies with advanced triggers including multiple proven devices, river and basin gauges, and custom area inundation measured by sattelites. Working with $50M in Capacity in USA and Caribbean.
Business Interruption
Custom insurance solutions for single or multi location portfolio to add Parametric Business Interruption coverage. $25M in Capacity. Coverage Territory USA.
Reinsurance
$75M in Capacity. Transfer all or a portion of risk on a parametric basis with custom defined triggers and agreed upon data providers. Facultative and treaty solutions for carriers, mga's and captives.