PANEL on Innovative Financial Mechanisms to Transfer Catastrophe Risk
Topics to be addressed:
New capital coming into the reinsurance space
– Investors, requirements and business needs
The new wave of Cat models
– Creating risk transfer mechanisms and new capital sources
The expanding role of parametric risk insurance
– A new payout model, the value of precise data
Parametric insurance: the disruptive role of technology
– Sensors, Measurements, Indices
– Limitations, potential, accessibility, moral hazard
Application Examples
– NY Metro, USA
– FONDEN, Mexico
– Pacific Alliance, Peru, Colombia, Chile
– EDF, France
Eye on the Future…is it parametric or is traditional insurance still alive?
– Success and challenges going retail, problems to scale up to other perils