61: The Power of Parametric Solutions for Climate Resilience - Webcast recording

Published: May 4, 2021, 11:02 a.m.

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Interest in parametric risk transfer and insurance is on the rise as the immediacy and availability of data improves and new types of market participants enter the fray, suggesting growth is on the horizon, according to industry experts.
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\\nWe recently held an\\xa0Artemis Live webcast, titled The Power of Parametric Solutions for Climate Resilience, featuring senior leaders from across the weather risk management and re/insurance space who discussed the expanding parametrics industry.
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\\nIn partnership with the Weather Risk Management Association and supported by our kind sponsor Descartes Underwriting, this Artemis Live webcast featured Julian Roberts, Managing Director, Risk & Analytics, \\u200eWillis Towers Watson; Alain Lagesse, Director Group Risk Management, LVMH; Daniel Vetter, Head of North America, Descartes Underwriting; and David Whitehead, Co-CEO, Speedwell Weather.
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\\nToday, 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.
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\\nAgainst this backdrop, speakers explained that interest in parametric insurance and risk transfer is growing on the back of the availability of data.
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\\nFrom the buyers side, Alain Lagesse, Director Group Risk Management, LVMH, highlighted three main reasons, or competitive advantages, that parametrics have over traditional insurance solutions.
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