Our insurance-linked securities (ILS) focused sister site, Artemis, has partnered with Vesttoo to explore opportunities to hedge the next global pandemic via the use of parametric risk transfer, enabled by advanced data and technology.
Following the outbreak of the COVID-19 pandemic and subsequent losses for re/insurers, coupled with the ongoing uncertainty surrounding the validity of business interruption claims, the industry has strictly excluded pandemic risks from within contracts.
As a result, many insurance carriers, and other organisations now have minimal options available to protect themselves against lost revenue driven by the impacts of a pandemic, including the implications of lockdowns.
However, according to Vesttoo, a technology firm that leverages proprietary artificial intelligence and machine learning solutions, by embracing some of the parametric and index-based risk transfer techniques already used across the reinsurance, retrocession and ILS market, there’s an opportunity to create meaningful hedges.
In this Vesttoo sponsored webcast presented by Artemis, numerous ideas and topics will be discussed, including how data and technology can help to make risk transfer options for pandemic exposure more possible, and what are indexed mortality hedges and why can they be used to cover a range of exposures to P&C pandemic risk.
The panel will also explore what type of pandemic outbreaks can be covered using this type of solution; what role is there for the capital markets investors; how to deal with and explain basis risk; and the underwriting appetite for these types of solutions.
If you’re unable to attend the live broadcast it’s still worth registering for the webcast as it will also be available on-demand.
Registration is free 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:
- Yaniv Bertele, CEO, Vesttoo.
- James Potter, CEO, Rokstone Underwriting.
- Luca Tres, Head of Strategic Risk and Capital Life Solutions EMEA, Guy Carpenter.
- David Bearman, CEO, Aventum Group; Chairman, Rokstone Underwriting.
We hope you will be able to join us for the webcast, please register now to secure your free attendance.