volcanic risk


Red Cross aims to sponsor first pure volcano cat bond

International humanitarian movement the Red Cross is looking to the capital markets and the potential issuance of a parametric catastrophe bond to protect against volcanic risks, according to Adam Bornstein. Adam Bornstein is an innovation finance specialist working in the Global Innovative Finance Team, a new unit of the International Federation read the full article →

Sompo Japan to launch parametric volcanic risk insurance

One of the largest Japanese domestic insurers, Sompo Japan Nipponkoa Insurance, is planning to offer travel or tourism companies and other potentially affected industries a parametric insurance product that pays out on a heightened threat of volcanic eruption. The parametric volcanic eruption insurance will payout based on the Japan Meteorological Agency read the full article →