Winter storms are a significant, and frequently underestimated, peril costing US insurers more than $7 billion between 2021 and 2025 (Swiss Re). Much of the losses are shouldered directly by carriers and not picked up by catastrophe treaties.
Demex, the secondary peril reinsurance solution provider, has developed a breakthrough working-layer, aggregate reinsurance solution to protect carriers from winter storm losses. The solution is particularly aimed at carriers who are prone to suffering unexpected levels of losses.
The session covered, how the product works, pricing, case study and credit from rating agencies.
There were several great questions such as, Why Demex uses a parametric solution not an indemnity product, what the costs are and how modeled loss meets the requirements of risk transfer for reinsurance accounting.
The answers to these are after the 22 minute mark.
Demex is offering to provide a no commitment, no cost review of your winter storm loss data and provide a predicted loss model to help shape your reinsurance program - contact us to discuss further.
