weather risk transfer


Speedwell and EPEX SPOT team up for weather-based power indices

Speedwell Climate, a leading provider of weather, catastrophe and climate data, indices and settlement services, has teamed up with the European Power Exchange (EPEX SPOT) on the launch of a set of weather-based power indices to provide risk management and hedging opportunities to the renewables sector. Speedwell has been serving the read the full article →

Index-based risk transfer essential to key societal issues: Speedwell Climate

Index-based risk transfer has a key societal role to play, in providing protection to support issues such as the renewable energy transition, covering extreme weather catastrophe events, and helping support access to scarce resources, newly renamed Speedwell Climate has said. Speedwell Weather Ltd. and its associated companies have been serving the read the full article →

Howden, Munich Re & Skyline create Jamaican parametric hurricane cover

Broking group Howden, global reinsurance firm Munich Re and UK insurtech Skyline Partners have teamed up to develop a parametric hurricane insurance product for Jamaican farmers. The parametric insurance is designed to stabilise Jamaica's financial system for its farming community, which it is said is coming under significant stress due to read the full article →

Parametric risk transfer interest drives innovation, but consolidation possible

Rising interest in parametric insurance and risk transfer has resulted in an influx of investor capital into the space, the development of new MGA's and capacity, as well as new technology platforms. While this is driving innovation in the parametric risk transfer space, the market is only so big for parametric read the full article →

Re2 Capital climate risk venture launched by Nephila alumni

Re2 Capital has been launched by three well-known former employees of ILS manager Nephila Capital, with a mission to structure innovative climate risk transfer and financing solutions that can connect private investment capital and risk capacity to climate-linked opportunities. Re2 Capital is the brainchild of three alumni of Nephila Climate, the read the full article →

Descartes & Reask partner to expand parametric cyclone covers

Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, is partnering with Reask, a climate analytics and data company that uses machine learning techniques. The partnership is focusing on tropical cyclone risk transfer, with the pair hoping to "push the read the full article →

Arbol reports $70m of gross premium transacted in 2021

Arbol, the technology-led underwriter of parametric risk transfer, climate and weather insurance business, has reported transacting an impressive $70 million in gross premium through its first full-year of operations in 2021. Notional or limit transferred will be much higher and Arbol said it was cash-flow positive for 2021. It's difficult to compare, read the full article →

HSCM Ventures backs Parsyl, the sensor-driven parametrics insurtech

HSCM Ventures, the insurtech focused venture capital investing arm of reinsurance and transport focused asset manager Hudson Structured Capital Management, has led a $25 million Series B round for sensor-driven parametrics coverholder Parsyl. Parsyl’s core tech-focused products are particularly interesting as they offer a glimpse of the future for risk and read the full article →

Swiss Re CorSo makes parametric payout to utility after typhoon Rai (Odette)

Swiss Re Corporate Solutions, the large commercial risk specialist unit of the global reinsurance firm, settled a parametric insurance claim within days after a clients parametric trigger was breached by recent typhoon Rai (Odette) struck the Philippines. Typhoon Rai, known locally as typhoon Odette in the Philippines, reached super typhoon wind read the full article →

Arbol launches Bermuda MGU to offer parametric reinsurance

Arbol, a technology-led company focused on parametric risk transfer and weather insurance markets, has announced the formation of Arbol Underwriters Ltd. (AUL), a registered insurance agent based in Bermuda, that will focus on matching reinsurance capacity with parametric insurance risks. Arbol Underwriters Ltd. (AUL) will originate business through a number of read the full article →