Technology drives the parametric risk transfer market: Artemis Live

 Technology drives the parametric risk transfer market: Artemis Live

Undoubtedly, technology continues to be the driver of growth in the parametric risk transfer sector, said David Whitehead, Co-CEO of Speedwell Weather in a recent webcast with sister publication, Artemis.

Last week, the Artemis Live series of interviews and webcasts with leaders and experts from across the re/insurance and insurance-linked securities (ILS) sector, hosted a webcast on parametric insurance in partnership with the Weather Risk Management Association and supported by our kind sponsor Descartes Underwriting.

Titled, The Power of Parametric Solutions for Climate Resilience, panellists explored the past, present and future of parametric risk transfer as adoption for this type of coverage continues to increase.

Parametric insurance differs from traditional protection as it offers faster payout after an event as coverage is designed to trigger once predetermined parameters are met, such as a set amount of rainfall at a given…

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