Global Parametrics offers protection solution to world’s most remote habitable island

GP has structured a solution to provide windstorm protection on the world’s most remote habitable island. Our unique wind index will help safeguard Tristan da Cunha’s lobster factory which is responsible for 70% of the island’s income. This is indicative of our continued commitment to providing protection to businesses and communities in emerging markets.

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Insights: Now is the Time for Parametric Insurance to go Mainstream

“It is becoming clear that, in this uncertain world, protecting the economic activity of customers is as important as protecting their assets and speed of payment is essential.”

Our Partnerships and Innovation Lead, Toby Behrmann, featured in Insurance Day this week. 

Toby gives an insight into the power of parametrics; outlining why 2020 created the perfect storm for extensive growth in these solutions. 

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Watch the NDF Partnership Year in Review at the Insuresilience Global Partnership Forum

In December 2019, Hannover Re, KfW and our Natural Disaster Fund announced joint collaboration, with the aim to bring sustainable risk transfer solutions to low and middle income countries. 

One year on, our partnership has reached over 10 million beneficiaries, across 21 countries in Latin America, Africa and Asia.

At the Insuresilience Global Partnership Forum on Monday 7th December, we took a look back on our first year, exploring the importance of public private partnerships for implementing actionable programmes to combat the protection gap. 

Speakers included our founder Dan Bierenbaum, Principal Portfolio Manager Stefan Hirche of KfW and Hannover Re’s Managing Director Henning Ludolphs. 

Watch the event here: