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Live webcast: The Power of Parametric Solutions for Climate Resilience

The Weather Risk Management Association (WRMA) and Artemis have partnered to host a live webcast on April 29th 2021 to discuss the role of parametric solutions in supporting climate resilience. The event will feature senior leaders from across the weather risk management and re/insurance space. Register online here to secure your read the full article →

Global Parametrics & Fathom partner on global flood index

Global Parametrics and specialist flood risk modeller Fathom have partnered to develop a global parametric flood index that can be used in triggers of risk transfer, insurance and reinsurance arrangements. Global Parametrics is set to utilise high resolution data from Fathom to create the new flood risk index, significantly reducing basis read the full article →

Arbol hires Guo from GC Securities as Chief Insurance Officer

Arbol, the provider of marketplace technology supporting parametric risk transfer and weather insurance, utilising smart contracts, has made a key hire, bringing onboard Hong Guo from GC Securities as its Chief Insurance Officer. Hong Guo joins Arbol as Executive Vice President and Chief Insurance Officer and will lead all insurance related read the full article →

Arbol taps machinery sensors for parametric crop insurance triggers

Arbol, the provider of marketplace technology supporting parametric risk transfer or weather insurance and that utilises smart contracts, has provided the backing for a new crop yield cover whose parametric triggers are based on the throughput measured by machinery sensors. The use of sensor technology in creating new parametric risk transfer, read the full article →

Parametric crop-yield risk transfer product launched by Praedictus & Speedwell

A new parametric crop-yield risk transfer solution has been launched by Praedictus Climate Solutions in partnership with The Speedwell Group. Praedictus Croplock offers an index-based solution for managing crop yield risk, with parametric triggers designed to match the predicted output for crops. The solution makes use of proprietary crop yield modelling techniques read the full article →

Catastrophe protection gap needs capital market support: Bernardino, EIOPA

Gabriel Bernardino, the soon to retire Chairman of the European Insurance and Occupational Pensions Authority (EIOPA), has highlighted the capital markets role in delivering catastrophe insurance that has fewer protection gaps. In an interview with Brink News, Bernardino explained the need for multi-peril catastrophe insurance and reinsurance coverage that protects against read the full article →

Tech & ILS can support fragile SME infrastructure: Palihapitiya, OTT Risk at ILS NYC 2021

The arrival of the global pandemic shone a light on the fragility of the infrastructure that supports small and medium sized enterprises (SMEs) across the world, but with the use of artificial intelligence (AI) and machine learning, there’s an opportunity waiting to be unlocked, according to OTT Risk's Chamath Palihapitiya. Soon read the full article →

EIOPA calls for capital markets capacity for pandemic NDBI insurance

There is a clear role for risk transfer to the capital markets in the provision of capacity to address pandemic related non-damage business interruption risks, according to Europe’s insurance and reinsurance sector watchdog, the European Insurance and Occupational Pensions Authority (EIOPA). The Authority has published a new staff working paper that read the full article →

OTT Risk to fill business interruption coverage gap using advanced tech & ILS

A new start-up aims to enhance the economic resilience of the world's businesses, by filling business interruption coverage gaps using advanced technology such as machine learning and by leveraging insurance-linked securities (ILS) structures to connect this emerging risk class with capital market investors. David Soloff, a co-founder of global economic monitoring read the full article →

Jamaica: World Bank cat bond still underway. Gets CCRIF rainfall payout for Zeta & Eta

Jamaica continues to work with the World Bank on a first catastrophe bond for the country the Finance Ministry has said and reflecting the importance of disaster risk financing, in recent weeks it has received a roughly $3.5 million payout under its parametric CCRIF insurance coverage. The payout comes after the read the full article →