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ERS ILS to get climate risk insights from AbsoluteClimo & AKR Zell

ERS ILS Ltd., the dedicated insurance-linked securities (ILS) management division of specialty insurance and reinsurance player ERS, is set to benefit from climate-finance prediction modeling and risk transfer analytics services provided by AbsoluteClimo and AKR Zell. ERS Administration Services Ltd., which is a unit of ERS domiciled in Bermuda, has signed-up 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 →

Nephila to name Maria Rapin sole CEO of Nephila Climate unit

Nephila Climate, the weather and climate risk and reinsurance focused unit of the largest insurance-linked securities (ILS) fund manager Nephila Capital, has named Maria Rapin as its sole CEO. Rapin, who has worked at Nephila Capital since 2015, was most recently a Co-CEO of the Nephila Climate unit, alongside fellow Co-CEO 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 →

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 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 →

AbsoluteClimo & AKR Zell team up to provide climate-driven risk services

AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, has teamed up with AKR Zell, a Singapore-based actuarial consultancy, with the collaboration set to deliver climate-driven risk services to the insurance, reinsurance and insurance-linked securities (ILS) sectors. The pair have spotted an opportunity to fill gaps read the full article →

Global Parametrics & JBA design parametric flood cover for VisionFund

Global Parametrics, the parametric and index-based disaster risk transfer company, has partnered with risk modelling specialist JBA Risk Management to design a parametric flood insurance product for VisionFund to cover flood risks in Myanmar. VisionFund International is a division of global charity World Vision and oversees its microfinance operations, providing loans read the full article →