This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. As per a new report from PwC, the inherent nature of parametric basis risk can be mitigated by improving the accuracy of models, refining index triggers, and ensuring high-quality data. PwC’s report observed...
Parametric insurance
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Industry loss warranties (ILWs) remain a useful and well-established instrument within the capital management toolbox of risk carriers, but do have their drawbacks, some of which can be mitigated or removed entirely by...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. When Jamaica first ventured into the catastrophe bond market it was with the support of donor funding that paid the premiums for the 2021 issuance, but with its successful renewal issuance of the...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Government of Mexico has now secured $175 million of parametric Pacific named storm disaster insurance protection from the capital markets through the IBRD CAR Mexico 2024 (Pacific) catastrophe bond issuance, which is...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Plover Parametrics has launched as a specialty brokerage focused on leveraging advanced technology to build out new parametric insurance products and has announced the hiring of former Descartes employee Brendan Beeg and a...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has raised a $60 million Series B round, as it looks to scale parametric insurance in response to...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Government of Mexico is looking to upsize its Pacific named storm protection from its latest tranche of World Bank and IBRD facilitated catastrophe bond notes, with now up to $175 million in...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. According to the African Risk Capacity (ARC), a provider of parametric disaster insurance products to countries and other entities in Africa, the ongoing severe drought across the southern African region is expected to...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Caribbean island nation of Jamaica is “pleased” to have secured coverage from its second World Bank supported catastrophe bond, Finance Minister Dr. Nigel Clarke has said, also citing his countries gratitude for...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Broking giant Marsh has bundled its parametric risk transfer specialism under a new umbrella practice of Global Alternative Risk Solutions, which will be led by Christophe Letondot and also tasked with helping clients...