US - based reinsurer TransRe has invested in parametric insurance product financing New Paradigm Group . The insurance start - ups will use the funds to expand its customer base while also strengthening its marketing and consulting teams . Paradigm operates in three countries , being active in six US states .
US-based reinsurer TransRe has invested in parametric insurance product provider New Paradigm Group. The insurance start-up will use the capital to expand its data capabilities while also strengthening its marketing and support teams. Paradigm operates in three countries, being active in seven US states.