To provide an overview of parametric (re)insurance, their markets and specific techniques.
Insurance professionals whose functions are related to the development of (re)insurance solutions: Product Managers, Business Strategy Director, Reinsurance Managers, Risk functions
This session provides an introduction into the parametric products and their markets. The challenges addressed by parametric solutions within a changing risk environment are presented. It concludes with an outlook into the role of parametric solutions to close the protection gap.
Three cases of parametric covers against adverse weather and extreme natural catastrophes are the core of this session. Their technical aspects are presented with an illustration of their payout, the required data and settlement services, as well as our approach to the modelling of their underwriting risks and the legal format for their contractual binding.
Advanced Cat parametrics
The application of parametric solutions to cat portfolios is challenging. Now this situation is very common addressing the protection gap. Shortcomings and solutions are presented in this session together with an outlook into the available technologies and methods to fine-tune such covers.