image credit: Pixabay

Majority of industry respondents expect use of parametric triggers in reinsurance to rise in 2024

March 28, 2024

According to a recent Reinsurance News poll, over 80% of industry respondents anticipate the use of parametric triggers in reinsurance arrangements to rise in 2024.

Parametric news has featured heavily in our pages so far this year, though admittedly, this has been largely insurance-related.

For example, speaking in an interview with Reinsurance News, Martin Hotz, Head Parametric Nat Cat, Swiss Re Corporate Solutions, suggested that the demand for parametric insurance will continue to rise in 2024, as “there is no fine print in a parametric policy, which clients appreciate in these uncertain times.”

Read More on Reinsurance News