Swiss Re Corporate Solutions has built an online platform for small and medium-sized US brokers to offer parametric risk transfers for natural catastrophes. Brokers can use the platform to bind policies for Swiss Re’s parametric US hurricane wind product without needing referrals. The platform was created under the reinsurer’s Innovative Risk Solutions unit. “While we have been working with clients in other parts of the world on this type of product, it is a new approach that allows us to provide our customers access to these products at no cost
Swiss Re Corporate Solutions has built an online platform for small and medium-sized US brokers to offer parametric risk transfers for natural catastrophes. Brokers can use the platform to bind policies for Swiss Re’s parametric US hurricane wind product without needing referrals. The platform was created under the reinsurer’s Innovative Risk Solutions unit. Swiss Re has reported a rising demand for parametric insurance from small protection buyers, suggesting an increasing awareness of the advantages of parametric products.