reins Re Corporate Solutions has built an online marketplace for small and medium - sized US companies to offer parametric risk assessments 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 ##urance unit . Swiss Re has generated a rising demand for parametric insurance from small protection buyers , suggesting an increasing awareness of the advantages of parametric products .
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.