Data Driven. Custom Triggers. Reliable.
Parametric Products
Explore each individual case with Parametric Risk to explore the benefits of parametric insurance for transferring risk, ensuring quick payouts, and providing greater transparency, especially during hurricane season. Parametric insurance offers new global capacity and provides quick payouts when needed most. Pre-agreed claim settlements allow for rapid fund disbursement to businesses and communities facing financial challenges after extreme weather events, helping to mitigate long-term economic impacts.
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Target Industries Include:
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Energy
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Municipal / Government
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Real Estate & Hospitality
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Agriculture
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Entertainment
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Construction
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Manufacturing
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Logistics
Our Products
Wind
​Hurricanes are causing increasing insured losses globally, putting pressure on prices, deductibles, and available capacity in traditional insurance markets. As budgets tighten and market capacities decrease due to global hardening, clients need innovative risk transfer solutions like parametric insurance policies to address the widening coverage gap in vulnerable regions.
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Parametric Risk offers various hurricane solutions, including "Cat-in-a-circle" and "Wind speed at location." These solutions use the latest scientific research to assess hurricane exposure and create customized covers for clients. Parametric insurance protects against property damage and revenue loss from business interruptions following a storm, ensuring preparedness ahead of hurricane season. Custom triggers including accepting data from National Hurricane Center / NOAA
Flood
Flooding ranks among the most expensive disasters of the 21st century with a significant portion of which remains uninsured. Floods cause extensive property damage and disrupt operations for weeks or months, affecting stock, supplies, and access for customers and workers, leading to additional costs. Rising losses have led to extreme sub-limits and restricted coverage, creating a substantial protection gap for industries in flood-prone areas where capacity is dwindling.
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Parametric flood insurance helps bridge this gap by offering new capacity to areas at risk of flooding. Our parametric products cover both direct and indirect losses, using a combination of historical flood data and advanced risk modeling. This ensures that clients receive accurate, customized flood protection tailored to their specific needs.
Reinsurance
Parametric insurance has emerged as a perfect complement to risk placement for Insurance Carriers, Captives and MGA's taking risk. By guaranteeing liquidity through swift payouts following a qualifying loss event, parametric insurance provides financial certainty along with innovative profit and loss (P&L) and balance sheet protection. It covers a range of financial losses, including non-damage business interruptions, loss of revenue, contingent business interruption (BI), and more.
Parametric solutions can support a wide array of risks such as tropical cyclones, earthquakes, flooding, tornadoes, hail, or extreme temperatures.
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Parametric Risk creates tailored parametric insurance solutions to mitigate both direct and indirect financial losses from the specific named event. Parametric products feature a swift indemnification process that requires no loss adjustment, ensuring captives have full risk understanding and payout certainty within days of an event. This agility facilitates full financial recovery, transparent financial reporting, and straightforward financial flows to any affected risk taker.
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Our parametric approach can cover any direct and indirect financial losses resulting from extreme weather risks and natural events.
Business Interruption
​​This coverage includes indirect financial losses caused by severe weather, natural disasters, cyber attacks, and other disruptive events. ​In today's interconnected global economy, many industries find their revenues tightly linked to events like severe weather, natural disasters, or cyber attacks, regardless of physical proximity or direct property damage. The global exposure of firms means such events can have far-reaching impacts.​
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Consider a U.S. manufacturer dependent on a supplier in Mexico. A Flood in Mexico can lead to an operational shutdown for the U.S. manufacturer, even if there is no direct physical damage to its own facilities and despite the great distance. Parametric non-damage business interruption insurance is an ideal solution for sophisticated risk contingency programs. Designed for firms that have identified specific vulnerabilities, this insurance covers specific weather events that significantly affect crucial inputs, leading to severe financial consequences.​
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Our product provides traditional and non traditional coverages such as ransomware attacks, river level volatility, crop yield fluctuations, extreme weather events, and major natural catastrophes like wildfires, tropical cyclones, and earthquakes.
