Swiss Re is supporting and reinsuring a province - level natural catastrophe index insurance cover in China . Mao County is one of the regions of China considered at highest risk of earthquakes. The expansion of its parametric risk transfer product will be focused on earthquake - susceptible Mao County in Sichuan province , becoming the first such product in the country at that time . The reinsurance company did previously back province - level parametric or index insurance coverage in China covering catastrophic events . Technological advances and the general and detailed improvement of data sources and coverage can now be applied at a lower level . Swiss Re will deliver reinsurance support in addition to providing technical input for the local - led project .
Swiss Re is supporting and reinsuring a province - level natural catastrophe index insurance cover in China . The expansion of its parametric risk transfer product will be focused on earthquake - susceptible Mao County in Sichuan province , becoming the first such product in the country at that time . The reinsurance company did previously back province - level parametric or index insurance coverage in China covering catastrophic events . Technological advances and the general and detailed improvement of data sources and coverage can now be applied at a lower level . Swiss Re will deliver reinsurance support in addition to providing technical input for the local - led project .