Parametric Insurance and Climate Risk:
An Innovative Tool for CAT Risk Management

Thursday, March 27, 2025
1:00 pm–2:00 pm EDT

RIMS Member FREE | Nonmember $50 USD

Sponsored by

Descartes

Join us to explore the benefits of parametric insurance to mitigate the financial impact of catastrophic events. This form of risk transfer simplifies claims by providing near-instant payouts based on the intensity of the event. By offering quick access to liquidity post event, parametric insurance ensures that funds are available to address both direct and indirect losses, such as business interruption, without the delays of the traditional claims process.

In this session, we’ll discuss how parametric insurance complements conventional coverage by filling gaps such as deductibles, excess layers, or exclusions under traditional policies. Don’t miss this opportunity to learn how this innovative tool offers flexible and immediate financial relief when it’s needed most.

 

Note: All downloads and related contact information will be accessible to the webinar sponsor.



Key Takeaways

  • Learn about common parametric policy structures and triggers for a variety of perils, including: wildfire, EQ, hurricane, tornado, hail.
  • Discover how parametric insurance leverages technology to streamline the claims process and provide near-immediate payouts after a catastrophic event.
  • Find out how parametric insurance can complement traditional insurance programs by filling coverage gaps or addressing unique exposures.

 

Speakers

Will McMillan

Will McMillan
Vice President, Business Development
Descartes Underwriting

Austin Casel

Austin Casel
Assistant Vice President, Property
Lockton Companies



All RIMS webinars are available on-demand for one year for registered participants. Each hour of a RIMS webinar is eligible for one RIMS-CRMP recertification point.

If you have any questions, please contact RIMS Professional Development Team at PD@RIMS.org or +1 212-286-9292.