Co-founder Jerry Skees discusses how his development experience helped get Global Parametrics off the ground. In the interview with Eastern Standard’s Tom Martin, on WEKU, he touches on how his agricultural background led to opportunities traversing many corners of the world. This brought the “link between development, poverty and natural disasters into a much larger story for me to understand the economics of disasters and how it impacts the poor the most.”
Having a reliable way to understand the impact of an event, prior to it occurring, is a game changer for building resilience to extreme weather and natural disasters. In April’s The Actuary Magazine, Jerry Skees and Alin Radu discuss the value of Parametric Forecast Indices, and give an in-depth look at Global Parametrics’ B-Ready program, where we developed a disaster risk financing product with Oxfam and Plan International in the Philippines.