
The Weather Risk Management Association (WRMA) and Artemis have to discuss the role of parametric solutions in supporting climate resilience.The event will feature senior leaders from across the weather risk management and re/insurance space.Parametric triggers have been in used to manage adverse and extreme weather risks for more than two decades, with the development of weather derivatives having shown a way to calibrate risk protection using peril-related data.
At the same time, the parametric trigger began to be used in insurance products and even in insurance-linked securities (ILS) instruments, featuring in some very early catastrophe bonds.Fast-forward to today and parametric risk transfer adoption is accelerating apace, as more granular and abundant data, combined with technology and an increasing number of capacity providers looking to underwrite risk on a parametric basis, collide to heighten the availability of a growing parametric solution set.With climate change and climate related risks driving increasing economic losses across the globe, risk managers and risk protection buyers are acutely aware of the need to increase their resilience to weather and climate risks.
So, , we will reveal how parametric solutions can provide a powerful alternative to traditional insurance mechanisms for protecting against the financial impact of severe weather events and climate variability..It will also be available on-demand, so if you can’t make the live broadcast it’s still worth registering for the webcast.
Our expert panellists will discuss: why parametric solutions can be a key tool in building resilience against climate related risks; what risk managers need to know about the range of options available; why parametric solutions can be even more appealing in a hard property insurance market; and why risk protection buyers should consider them within their suite of risk financing arrangements.and attendees can expect a vibrant discussion on some of the opportunities presented by parametric solutions for those exposed to climate related risks.Joining moderator Steve Evans for this webcast are: Daniel Vetter, Head of North America, Descartes Underwriting.
Alain Lagesse, Director Group Risk Management, LVMH.Julian Roberts, Managing Director, Risk & Analytics, Willis Towers Watson.David Whitehead, Co-CEO, Speedwell Weather.
We hope you will be able to join us for the webcast, ..———————————————————————.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.
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Publisher: Artemis