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Descartes aims to revolutionise parametric earthquake risk transfer

Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, has announced a new partnership that aims to revolutionise the way parametric earthquake risks are transferred. Descartes Underwriting has partnered with the Global Earthquake Model (GEM) Foundation, an international public-private partnership read the full article →

Parametric specialist Descartes opens London office

Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, has opened its first office in London as it targets regional growth and improved access to international risks in the London market. Descartes Underwriting announced two key appointments along with the read the full article →

Parametric specialist Descartes opens APAC offices with new hires

Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, is expanding into Asia Pacific with two new offices opening in Singapore and Sydney, Australia. Descartes announced an $18.5 million Series A funding round from leading global venture capital firms last read the full article →

Parsyl sensor driven parametric insurance pays-out in less than 8 hours

Parsyl Inc., a provider of data-driven, sensor-based systems that are used in parametric risk transfer and insurance, has made a pay-out under a temperature linked policy in less than 8 hours. The company claims it as an industry record of sorts, but of course there are weather derivative contracts that can read the full article →

Parametrics: The future opportunity is already upon us

As climate change becomes a topic of increasing focus and with regulations poised to get tighter, the ability to customise parametric insurance solutions suggests that going forward, the product set is going to expand, according to industry experts. “When I look at available products today, I am quite certain that in read the full article →

Tech can “bridge the gap” to hedging pandemic risk: Artemis Live

As part of the latest Artemis Live webcast, industry experts argued that utilizing technology will be critical in enabling the reinsurance and alternative capital markets, or ILS sector, to help hedge pandemic risk using parametric solutions. The webcast, entitled “Hedging the Next Pandemic with Parametric Capital Market Solutions,” brought together several read the full article →

Live webcast: Hedging the next pandemic with parametric capital market solutions

Vesttoo and Artemis have partnered to host a live webcast on May 25th 2021 where we will discuss and explain opportunities to hedge the next pandemic, using parametric risk transfer, facilitated through the use of data and technology, as well as capacity from the capital markets. Register online here to secure read the full article →

Advances in data, new participants point to parametric growth: Artemis Live

Interest in parametric risk transfer and insurance is on the rise as the immediacy and availability of data improves and new types of market participants enter the fray, suggesting growth is on the horizon, according to industry experts. During yesterday’s Artemis Live webcast, titled The Power of Parametric Solutions for Climate read the full article →

Learn why parametrics can reduce the “basis risk” of indemnity: Webcast

In some situations, parametric insurance and risk transfer arrangements can benefit the protection buyer by providing coverage that wouldn't have been available under a traditional indemnity insurance policy. You can learn about this and more in our upcoming live webcast (register here). This can be especially true for large corporations and read the full article →

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 →