Alternative Risk Transfer (ART) and Parametric solutions are tools that risk managers should be aware of, especially in the light of increasing climate volatility, widening coverage gaps, and during a hard property market. We will be discussing what ART and Parametric solutions are, how they actually work, the benefits they provide, how to dovetail them with traditional risk transfer mechanisms, and how they can be best utilized to optimize risk financing programs. 

Through several coverage examples and the eyes of one risk manager, we will provide an overview of ART and parametric solutions, pros and cons, potential pitfalls, key considerations, and scenarios in which they will be a valuable tool to address coverage gaps, manage the impact of the current property cycle, diversify risk management options, and address the post-disaster need for liquidity and certainty, which is achievable via the rapid settlement process.

ABOUT OUR SPEAKERS

JENNIFER HAJEK, Senior Vice President, Marsh
Jennifer Hajek | LinkedIn

TOM MARKOVIC, PhD, Managing Director, Marsh

Tom Marković, Ph.D. | LinkedIn

JEFF BRAY, SVP, Global Risk Management, Prologis, Inc.

Jeffrey Bray | LinkedIn

Moderator:

JOHN BELL, Risk Manager, Hillspire, LLC

John Bell | LinkedIn