This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Liberty Mutual Reinsurance (Liberty Mutual Re) has again partnered with seismic sensor tech-provider Safehub to provide what they are calling the first sensor-based parametric earthquake insurance cover in the United States, with the...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. A new specialist parametric risk transfer underwriter has been launched, with Trigger Parametric backed by insurtech veteran Graeme Dean and launched with the help of a senior underwriting team formed of employees previously...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. With climate change concerns on the rise for businesses around the world, a new report from CME Group has noted that average trading volumes for weather derivatives are seeing a boost in interest....
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Descartes Underwriting, a data-driven risk transfer specialist managing general agency (MGA) and insurer with a parametric focus, has launched a Strategy & New Business Division with two key hires, as the company looks...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The SEADRIF Insurance Company has made a parametric payout of $750,000 to Lao PDR to support the country’s recovery efforts following the passage of Typhoon Yagi, which caused severe flooding. Typhoon Yagi has...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. China is aiming to strengthen its insurance system, with a particular focus on the impacts of weather and natural disasters and its State Council, a key ruling body, has cited catastrophe bonds again,...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While the focus for many is on what is still potential tropical cyclone nine and soon to become storm Helene on the Atlantic side, off the Pacific coast of Mexico hurricane John rapidly...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Analysis from broking group Aon and Parametrix, a specialist in parametric cloud downtime cyber risk transfer, shows that it is possible to gain diversification within cyber portfolios that have cloud outage risk concentrations,...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Some 27 years since I had my introduction to parametric triggers, one factor is still cited as holding back broader adoption, the issue of basis risk. But there are now signals that suggest...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Weather Risk Management Services (WRMS), a specialist Indian company that has created a successful business in offering agriculture and risk management services, including parametric or index-based climate and catastrophe insurance solutions, is targeting...