Welcome to Parametric Insurer
Conference & Awards 2024
Parametric risk transfer is proving valuable for a wider range of exposures than ever before. Historically for niche weather and nat cat risks, more organisations, communities and insurers are turning to parametric covers to address complex, emerging and climate-driven risks that are otherwise difficult to insure. Just this year, parametric payouts made within a month of Hurricane Beryl helped vulnerable farmers, large corporations and national governments alike recover from its impacts. Many international travellers were automatically compensated in July after global outages disrupted their flights, with no need to make a claim. New programs have been placed to support investment in renewable energy, manage delays in global supply chains and reinsure severe convective storm risks. Following the September launch of the new Parametric Insurer publication covering key developments in index-based and other forms of alternative risk transfer with informed analysis, the Parametric Insurer Conference and Awards 2024 will bring together the fast-growing global parametric and alternative risk transfer market. Join us on 30 October in London for knowledge-sharing on how alternative solutions can address pressing global risks, networking with the brightest minds and key players in the market and celebration of its top talent and initiatives. The format will feature a morning conference with a keynote address and panel discussions. We’ll discuss the opportunities and challenges for parametric and alternative risk transfer, noting achievements in 2024 and looking ahead to 2025. Guests will return in the evening for a black tie reception and dinner-style awards ceremony, creating an ideal setting for networking with senior peers from the UK and overseas. We’ll be recognising outstanding contributions and raising a toast to the achievements that continue to shape this dynamic part of the global (re)insurance market.
About the conference
The Parametric Insurer 2024 Conference will highlight key trends and opportunities shaping the alternative risk transfer market, welcoming insurers, reinsurers, brokers, MGAs, solution providers and more.
In addition to a keynote speech from a leading industry expert, the event will also include interactive panel discussions and engaging Q&A sessions on the following topics:
- Building resilience to the most pressing threats
- Managing volatility in an uncertain world
Conference timings:
08:00 – 09:00 | Breakfast
09:00 – 09:05 | Welcome from Parametric Insurer
09:05 – 09:30 | Keynote
09:30 – 10:15 | Panel: Building resilience to the most pressing threats
10:15 – 11:00 | Panel: Managing volatility in an uncertain world
11:00 | Conference close
Keynote speaker
Rowan Douglas
CEO, Climate Risk & Resilience
Howden
Panel discussions
Building resilience to the most pressing threats
From wildfires to floods, traditional insurance is struggling to tackle some of the world’s biggest natural threats while newer risks, such as systemic cyber, loom large. Many of those affected by large-scale disasters have always been uninsured or underinsured, while insurers are also pulling back from risks that they previously covered. This panel will examine how parametric and alternative risk transfer solutions are helping the public and private sectors respond to the most severe catastrophes, examples of protection gaps that can and should be closed, how new capacity can be unlocked to cover changing threats, and more.
Dr Adrian Leonard
Principal
Strategic Insurance Communications Ltd
(Moderator)
Angus Kirk
Chief Executive
Global Parametrics
Bradley I. Meier
Chairman, President & CEO
NormanMax
Michele Pignoli
Global Head of Parametric Products & Solutions
Generali GC&C
Paul Ramiz
Associate Partner, Parametric Solutions
Augment Risk
Managing volatility in an uncertain world
Businesses are facing ever more sources of disruption to their operations and income. From construction delays caused by shorter working hours in a heatwave to low river levels blocking key supply routes alongside long-established parametric use cases in agriculture and energy, non-catastrophic events are making revenues more uncertain and creating extra costs. This panel will consider the emerging weather risks that could interrupt business operations, what sectors are already deploying parametric solutions to smooth out volatility, how alternative risk transfer can derisk projects to support financing, and more.
Henry Gale
Analysis Editor
The Insurer
(Moderator)
Victor Bouton
Data Scientist Manager – Agriculture & Parametrics Liberty Mutual Reinsurance
Ed Byrns
Senior Class Underwriter
Chaucer
Loredana Mazzoleni Neglen
Global CEO Altitude Underwriting
Strategic Risk Solutions
Sébastien Piguet
Co-founder & Chief Insurance Officer
Descartes
Claire Wilkinson
Managing Director, Alternative Risk Transfer Solutions
WTW
How to register
Registration is now closed.
Conference tickets do not provide admission into the evening awards ceremony. If you wish to attend the awards, please get in touch with Spencer Halladey at spencer.halladey@thomsonreuters.com
or Andy Stone at andy.stone@thomsonreuters.com to book a table.
Awards
Following the morning conference, we’ll reconvene in the evening for a black tie reception and dinner-style awards ceremony, providing a perfect setting for networking with senior peers.
This is an opportunity for you to shine and for us to recognise excellence in the market. It’ll also be a great environment for existing relationships to be nurtured and new ones to be formed.
We've streamlined the entry process! Register for free with Evalato to effortlessly submit your entries for the inaugural Parametric Insurer Awards 2024.
You can easily enter multiple categories and upload supporting materials, including testimonials, all within the platform. To submit entries for additional categories, just return to your Evalato account dashboard and click the designated button.
Awards Timings:
17:30 – 19:00 | Champagne reception
19:00 – 21:30 | Three course meal and awards ceremony
21:30 – 23:00
|
Drinks and networking
Attending the 2024 Awards:
Conference tickets do not provide admission into the evening awards ceremony. If you wish to attend the awards, please get in touch with Andy Stone andy@wbmediagroup.com to book a table.
Judges
Henry Gale
Analysis Editor
The Insurer
(Moderator)
Chris Lee
Founder
Exante
Alan Punter
Author & Chairman of Livery Committee
Louisa Renoux
Leading partner for Insurance Consulting
PwC France
David Whitehead
President WRMA (Weather Risk Management Association) Co-CEO Speedwell Climate
Paul Wilson
Partner,
Catastrophe & Climate Research
Securis
Categories
PARAMETRIC BROKING COMPANY OF THE YEAR
Brokers are key to structuring parametric covers that serve clients well, perform as expected and integrate with other aspects of clients’ overall (re)insurance programs. This category is open to all insurance and reinsurance intermediaries active in placing parametric business. Candidates will be expected to demonstrate the role they have played in securing capacity and structuring deals. The judging panel will also assess brokers’ investment in educating buyers of insurance about parametrics and their involvement in bringing innovative products to the marketplace.
PARAMETRIC (RE)INSURER OF THE YEAR
Insurers and reinsurers’ expertise in risk and provision of capacity bring new solutions to the market and are fundamental to supporting the growth in demand for parametrics. This category is open to all insurers and reinsurers active in underwriting parametric business. Judges will consider evidence of premium growth and underwriting performance metrics where they can be provided (these will be treated as confidential information unless entries specify otherwise). Candidates will be expected to demonstrate expertise in parametrics and impact on the wider parametric market.
PARAMETRIC MGA OF THE YEAR
Specialist parametric underwriting firms have played a key role in championing parametric insurance and bringing new products to market. This category is open to all MGAs and MGUs active in parametric business. Judges will consider evidence of premium growth and underwriting performance metrics where they can be provided (these will be treated as confidential information unless entries specify otherwise). Candidates will be expected to demonstrate involvement in innovative solutions and impact on the wider parametric market.
INNOVATION IN PARAMETRICS (WEATHER AND NAT CAT)
This category is open to any parametric market participant to demonstrate they brought true innovation in the last year. Innovation could be a new product, technology or dataset that supports parametric risk transfer for weather or natural catastrophe risks (agriculture coverage using a yield index is also included in this category). Candidates must articulate why their innovation was needed and the impact they expect it to have on the market. Judges will assess the level of innovation, the way it has been brought to market and the amount of traction it has gained in the market.
INNOVATION IN PARAMETRICS (EVERYTHING ELSE)
This category is open to any parametric market participant to demonstrate they brought true innovation in the last year. Innovation could be a new product, technology or dataset that supports parametric risk transfer. It could be for cyber, travel, supply chain, casualty, infectious disease or any other type of coverage except weather, natural catastrophe and agriculture risks. Candidates must articulate why their innovation was needed and the impact they expect it to have on the market. Judges will assess the level of innovation, the way it has been brought to market and the amount of traction it has gained in the market.
SOLUTIONS PROVIDER OF THE YEAR
Parametric insurance products rely on accurate data and robust technology. This category is open to companies providing solutions to support insurers, MGAs and brokers’ parametric business. These include but are not limited to calculation agents, data providers, modelling firms and technology companies. Judges will consider market uptake of the solution and its ability to grow the overall parametric market.
PARAMETRIC BROKER OF THE YEAR
This individual award category is open to broking executives of all levels of seniority and aims to recognize industry talent for their contribution to their company and the parametric marketplace. The category will be judged on a range of criteria, including financial metrics around growth and performance of book (where demonstrable; this will be treated as confidential information), market influence and reputation, ability to educate clients and collaboration with partners. Nominations can include testimonial evidence and other supporting materials.
PARAMETRIC UNDERWRITER OF THE YEAR
This individual award category is open to underwriting executives of all levels of seniority and aims to recognize industry talent for their contribution to their company and the parametric marketplace. The category will be judged on a range of criteria, including underwriting results (where demonstrable; these will be treated as confidential information), market influence and reputation, demonstration of expertise as a market leader, service to distribution partners and problem solving. Nominations can include testimonial evidence and other supporting materials.
PARAMETRIC RISING STAR OF THE YEAR
Talent is key to the future success of parametrics as products continue to develop and the market begins to mature. This category is intended to recognise the best up-and-coming talent at insurers, brokers, MGAs and other parametric market participants that will form the next generation of leaders. Companies may nominate rising stars from within their organisation or at counterparties and will be expected to detail the skills and achievements of their colleagues that warrant their inclusion in this category.
OUTSTANDING CONTRIBUTOR OF THE YEAR
The judging panel will grant this award to an individual they believe has made an outstanding contribution to the parametric market in their career.
Shortlist
PARAMETRIC BROKING COMPANY OF THE YEAR
- Aon
- Augment Risk
- Miller Insurance Services LLP
- WTW
PARAMETRIC (RE)INSURER OF THE YEAR
- Generali Global Corporate & Commercial
- Liberty Mutual Reinsurance
- NormanMax Syndicate 3939
- Salaam Takaful Limited
- Swiss Re Corporate Solutions
PARAMETRIC MGA OF THE YEAR
- Descartes Underwriting
- FloodFlash
- IBISA
- Otonomi
- Parametrix Insurance
INNOVATION IN PARAMETRICS (WEATHER AND NAT CAT - PUBLIC SECTOR)
- Aon – Parametric Solution for the Government of Puerto Rico and FEMA
- Guy Carpenter – IBRD CAR Mexico 2024
- WTW – Lau Islands Coral Reef Policy
INNOVATION IN PARAMETRICS (WEATHER AND NAT CAT - PRIVATE SECTOR)
- Beazley - Sola Tornado Crisis Insurance
- Demex – Parametric Reinsurance Solution for Secondary Perils
- FloodFlash
- Liberty Mutual Reinsurance and Safehub
- Wetterheld
INNOVATION IN PARAMETRICS (EVERYTHING ELSE)
- Descartes Insurance – Cyber Shutdown Cover
- Munich Reinsurance Company, African Risk Capacity, Frankfurt School of Finance, West African Development Bank (BOAD)
- Otonomi
- Plover Parametrics – Side X
SOLUTIONS PROVIDER OF THE YEAR
- CelsiusPro
- JBA Risk Management
- Moody's
- Reask
- Safehub
- Skyline Partners
PARAMETRIC BROKER OF YEAR
- Alice Glenister, Miller Insurance Services LLP
- Colin Harper, Aon
PARAMETRIC UNDERWRITER OF THE YEAR
- Dr Ian Bartholomew, FloodFlash
- Jason Hartell, Global Parametrics (a CelsiusPro Group company)
- Martin Hotz, Swiss Re Corporate Solutions
- Stuart Newcombe, NormanMax Syndicate 3939
PARAMETRIC RISING STAR OF THE YEAR
- Henry Bellwood, FloodFlash
- Francesa Finucane, NormanMax Insurance Solutions
- Ben Ledger, Augment Risk
- Balachandran M K, IBISA
OUTSTANDING CONTRIBUTOR OF THE YEAR
The winner for this category will be announced at the ceremony on 30 October.
Winners
PARAMETRIC BROKING COMPANY OF THE YEAR
Aon
PARAMETRIC (RE)INSURER OF THE YEAR
Liberty Mutual Reinsurance
PARAMETRIC MGA OF THE YEAR
Descartes Underwriting
SOLUTION PROVIDER OF THE YEAR
Skyline Partners
INNOVATION IN PARAMETRICS (WEATHER ANDNAT CAT - PUBLIC SECTOR)
Aon - Parametric Solution for the Government of Puerto Rico and FEMA
INNOVATION IN PARAMETRICS (WEATHER AND NAT CAT - PRIVATE SECTOR)
Demex - Parametric Reinsurance Solution for Secondary Perils
INNOVATION IN PARAMETRICS (BEYOND WEATHER AND NAT CAT)
Munich Reinsurance Company, African Risk Capacity, Frankfurt School of Finance, West African Development Bank (BOAD)
PARAMETRIC BROKER OF THE YEAR
Alice Glenister, Miller Insurance Services LLP
PARAMETRIC UNDERWRITER OF THE YEAR
Jason Hartell, Global Parametrics (a CelsiusPro Group company)
PARAMETRIC RISING STAR OF THE YEAR
Francesca Finucane, NormanMax Insurance Solutions
OUTSTANDING CONTRIBUTOR OF THE YEAR
Martin Hotz, Swiss Re Corporate Solutions
How to enter
Parametric Insurer’s inaugural 2024 Awards ceremony is open to anyone who thinks that they, their colleague(s), team, company or client deserve recognition for an outstanding contribution to the parametric market in the last year.
Register for free with Evalato here to effortlessly submit your entries.
You can easily enter multiple categories and upload supporting materials, including testimonials, all within the platform. To submit entries for additional categories, just return to your Evalato account dashboard and click the designated button.
Each entry should be a maximum of 500 words and lay out succinct evidence of achievement or an explanation as to why the achievement is significant.
We encourage nominations to include testimonials from colleagues, clients and other market participants as part of the submission, as well as any materials providing evidence of performance or other factors in support of the entry.
We recommend that where possible for company submissions financial metrics are included that help demonstrate relevance and performance in the marketplace.
You can enter as many categories as you wish, where applicable, although only one entry per category per company can be accepted.
Evidence within entries should be for initiatives that took place substantively in H2 2023 and 2024.
Information marked as sensitive in the entries will be treated as confidential and not released without the permission of the entrant/nominee.
Outstanding contributor of the year will be decided independently by the judging panel. Entries for this category will not be accepted.
For any questions about entering the Parametric Insurer Awards, please contact Isabelle Brooker at izzy.brooker@thomsonreuters.com.
Venue
Sponsors
For all enquiries regarding the conference and awards ceremony, please contact Beatrice and or Izzy:
For all enquiries regarding sponsorship or to book a table at the Awards ceremony, please contact Spencer or Andy:
