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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 →

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 →

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 raises $7m Series A for parametric weather risk platform

Arbol, Inc., the marketplace technology provider that supports parametric risk transfer or weather insurance and utilises smart contracts, has raised a $7 million Series A funding round to help grow its business. Arbol said that the Series A was oversubscribed and completed at much higher valuation from its initial seed funding read the full article →

Nephila & AGCS back innovative solar project weather risk transfer

Nephila Climate, the climate solutions are of ILS fund manager Nephila Capital, and the Capital Solutions unit of Allianz Global Corporate & Specialty (AGCS), have again come together to provide a risk transfer solution to support a renewable energy project construction financing. It's the first time a so-called proxy generation Power read the full article →

MSI GuaranteedWeather develops dual-trigger weather derivative

MSI GuaranteedWeather, LLC, a weather risk transfer focused subsidiary of MS&AD's Mitsui Sumitomo Insurance Co., Ltd. (MSI), has developed a dual-trigger weather derivative product to help a renewable energy producer hedge the effects of two weather variables at the same time. In its first-use case, the dual-trigger weather derivative has been read the full article →

Arbol lines up $250m non-traditional capacity, targets $1bn+ next year

Arbol, a provider of marketplace technology that supports parametric risk transfer or weather insurance and utilises smart contracts, told us that it has lined up $250 million of capacity from non-traditional market sources to help it expand. Arbol acquired well-known specialist provider of weather risk transfer and weather hedging solutions eWeatherRisk read the full article →

Nephila backs weather-linked wind power risk transfer for data center provider

Nephila Climate, the weather and climate risk focused arm of the largest independent insurance-linked securities (ILS) manager Nephila Capital, has provided capacity to back a weather-linked wind farm risk transfer deal, to support the needs of a data center provider. Working with its regular partners the Capital Solutions unit of Allianz read the full article →