cat in a box


Verisk working to refine traditional cat-in-a-box structure

Verisk Insurance Solutions is working on enhancing the traditional parametric cat-in-a-box structure, aiming to minimise basis risk and expand its capabilities, which in turn could create opportunities for the reinsurance and insurance-linked securities (ILS) markets to deploy more capacity. Working alongside Wood Mackenzie, a fellow Verisk Analytics company, Verisk Insurance Solutions read the full article →

Cat-in-a-Box & parametric contract pricing app launched by RMS

Risk modelling firm RMS has launched a new cloud-based application that enables all insurance, reinsurance or insurance-linked securities (ILS) markets to model, create and price parametric risk transfer cat-in-a-box contracts. The RMS Cat-in-a Box app is designed to provide a simple, quick and graphical approach to make the underwriting of parametric read the full article →

Parametric ‘cat in a box’ Israel earthquake reinsurance deal completed

A first of its kind Israel earthquake parametric reinsurance transaction has been brought to market successfully by reinsurance firm Munich Re and capital markets reinsurance broker arm Aon Benfield Securities for Israeli insurer I.D.I. The innovative transaction uses a parametric 'cat in a box' solution, which would enable any potential loss read the full article →