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Parametric Reinsurance 17.02.2025 Monday 09.45 - 10.30

Join us for an insightful Stage Cession exploring the evolving world of parametric reinsurance. As the industry continues to seek innovative solutions for risk transfer, parametric products have gained significant traction. This cession will delve into the latest developments, challenges, and opportunities in parametric reinsurance as of 2025.

Key Topics:

Current trends and innovations in parametric reinsurance
Applications across various lines of business
Integration of advanced technologies in parametric solutions
Regulatory considerations and market acceptance

Challenges in Parametric Reinsurance:

1.Basis Risk: Addressing the potential mismatch between the trigger event and actual losses incurred.
2.Data Quality and Availability: Ensuring reliable and timely data for trigger mechanisms.
3.Regulatory Hurdles: Navigating varying regulatory approaches to parametric products across jurisdictions.
4.Market Education: Increasing understanding and acceptance of parametric solutions among cedents and brokers.
5.Customization vs. Standardization: Balancing the need for tailored solutions with the benefits of standardization.

Opportunities in Parametric Reinsurance:

1.Rapid Claims Settlement: Leveraging the quick payout feature to enhance client satisfaction and reduce administrative costs.
2.Expanding Coverage: Addressing previously uninsurable or difficult-to-insure risks.
3.Climate Change Adaptation: Offering solutions for climate-related risks that are challenging to cover with traditional products.
4.Technological Integration: Utilizing IoT devices, satellite imagery, and blockchain for more accurate and efficient triggers.
5.Market Growth: The parametric insurance market is projected to reach $29.3 billion by 2031, with a CAGR of 9.9% from 2022 to 2031.

This cession offers a unique opportunity to gain insights from industry leaders at the forefront of parametric reinsurance innovation. Attendees will explore cutting-edge applications, understand the latest technological advancements, and discover strategies for implementing parametric solutions in their risk management portfolios.

Join us to enhance your understanding of parametric reinsurance and its potential to transform the industry's approach to risk transfer.

Register now to secure your spot!