parametric trigger

Share

Parametric California quake BI insurance developed by Swiss Re

Global reinsurance firm Swiss Re has partnered with program manager Arrowhead and insurance partner Falls Lake to launch an innovative parametric California earthquake business interruption insurance product for commercial clients.Swiss Re has developed the proprietary risk model for the earthquake business interruption insurance product named Quake Assist.Working with primary insurance read the full article →

Parametric MGA Descartes Underwriting hires ILS specialist Le Roux

Descartes Underwriting, the start-up insurance technology (insurtech) managing general agency (MGA) that focuses on parametric and data-driven risk transfer products, has hired Edern Le Roux, an ILS specialist previously from SCOR Investment Partners.Descartes Underwriting launched recently with an ambition to utilise the insurance-linked securities (ILS) market as a source of read the full article →

World Bank’s PEF to pay another $20m for Congo Ebola response

The World Bank’s Pandemic Emergency Financing Facility (PEF) will make its second contribution to the Democratic Republic of Congo Ebola response, with a $20 million grant from its cash window approved to be made.Last year the Pandemic Emergency Financing Facility (PEF) made its first cash disbursement, providing a $12 million read the full article →

United Nations initiatives look to parametric & index insurance for Pacific islands

A group of United Nations backed initiatives are looking to expand the use of parametric or index insurance and reinsurance in the Pacific region, with a study expected to identify new use-cases and possibilities to drive uptake.The Pacific islands are not strangers to parametric insurance, having a World Bank supported read the full article →

Descartes Underwriting launched as parametric, data-driven MGA

Descartes Underwriting has been launched as a start-up insurance technology (insurtech) managing general agency (MGA) with a focus on parametric and data-driven risk transfer products and an ambition to utilise the ILS market as a source of capacity.Launching Descartes Underwriting is Chief Executive Officer (CEO) Tanguy Touffut, who was previously read the full article →

Hiscox Re ILS funds participate in Philippines sovereign parametric renewal

Hiscox Re ILS deployed capacity into the recent renewal of the Philippines sovereign parametric disaster insurance facility, adding to the amount of third-party capital now backing this risk transfer program.The Philippines parametric natural disaster insurance cover provides 25 provinces in the country with disaster insurance cover against major typhoon and read the full article →

Indonesia’s cat bond discussions ongoing

Indonesia's government continues to have discussions regarding the use of catastrophe bonds as a disaster risk financing tool to better protect the country against the impacts of earthquakes and tsunamis.Last October it was reported that the Indonesian Finance Ministry had engaged with global agencies that could assist the country in read the full article →

Pandemic cat bond remains at-risk as Ebola virus spread continues

The World Bank's pandemic catastrophe bond remains at-risk as the spread of the Congo Ebola virus disease outbreak continues and agencies look nervously at borders in the region, with the risk of international transmission considered very high.At the latest count the World Health Organisation (WHO) has confirmed 640 Ebola virus read the full article →

Parametric Philippine City Disaster Insurance Pool in the works

The Philippines, the Asian Development Bank and private market entities are working to develop a parametric disaster insurance pooling facility for Philippine cities to buy protection from, backed by reinsurance and capital markets funding.The Philippine City Disaster Insurance Pool (PCDIP) is being designed by a collaboration between the Philippine Department read the full article →

Philippines parametric insurance doubles, cat bond on the way: World Bank

The recently renewed Philippines parametric natural disaster insurance cover was completed at $390 million in size, around double the prior year, and the World Bank has confirmed that work is underway to issue a catastrophe bond to extend disaster protection for the country.We covered this renewal back in December, when read the full article →