parametric

Parametric cat bond triggers may face NOAA disaster database wind-down uncertainty: AM Best – Go Health Pro

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Parametric cat bond triggers may face NOAA disaster database wind-down uncertainty: AM Best – Go Health Pro

The decommissioning of NOAA’s billion-dollar weather disaster database could force a rethink of parametric triggers used in catastrophe bonds and hamper insurers’ ability to model and price secondary perils, according to global ratings agency AM Best.The National Oceanic and Atmospheric Administration (NOAA) recently announced  that its billion-dollar weather and climate disasters database, which tracks U.S. … Read more

Cyber & Parametric ILS gain momentum as cat bond market evolves: AM Best – Go Health Pro

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Cyber & Parametric ILS gain momentum as cat bond market evolves: AM Best – Go Health Pro

The insurance-linked securities (ILS) market is continuing to evolve beyond traditional catastrophe bonds, with growing issuance in cyber and parametric segments, reflecting efforts to close protection gaps and provide alternative risk transfer solutions, according to a new report from AM Best.While indemnity-based catastrophe bonds still heavily dominate the market, AM Best highlights the rising use … Read more

The level of cat bond and parametric work we’re doing is exceptional: Aon CEO – Go Health Pro

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The level of cat bond and parametric work we’re doing is exceptional: Aon CEO – Go Health Pro

Having reported another quarter of double-digit revenue growth for its catastrophe bond and insurance-linked securities (ILS) related activities, Greg Case the CEO of broking giant Aon also highlighted parametric risk transfer as another area he sees activity levels as exceptional in.Reporting its first-quarter results today, Aon disclosed 4% organic revenue growth in its Reinsurance Solutions … Read more

Liongate Re cat bond to cover Japan quake for Zenkyoren & German parametric quake – Go Health Pro

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Liongate Re cat bond to cover Japan quake for Zenkyoren & German parametric quake – Go Health Pro

Artemis has learned that a new Liongate Re DAC catastrophe bond is in the market with a target to secure $100 million of limit to provide Japanese mutual Zenkyoren with aggregate earthquake reinsurance, while also providing a source of German parametric quake cover as well which we believe may protect entities of the Sparkassen-Finanzgruppe.It’s interesting … Read more

Parametric regional risk pools get Global Shield support to deepen collaboration – Go Health Pro

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Parametric regional risk pools get Global Shield support to deepen collaboration – Go Health Pro

The main four parametric disaster insurance risk pools have signed a grant agreement with the Global Shield Solutions Platform (GSSP) to help them accelerate and deepen their collaboration, something which could have implications for how they transfer risk to reinsurance and potentially capital markets.Back in 2023, the African Risk Capacity Limited (ARC), Caribbean Catastrophe Risk … Read more