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 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

Image of 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

 



Attendance at the conference is complimentary - click the button below to register your place for free.

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.

Keynote speaker

Image of Rowan Douglas

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.

    Image of Bradley I. Meier

    Bradley I. Meier

    Chairman, President & CEO
    NormanMax

      Image of Paul Ramiz

      Paul Ramiz

      Associate Partner, Parametric Solutions
      Augment Risk

        Image of Mark Ruegg

        Mark Ruegg

        CEO
        Celsius Pro

          Image of Tanguy Touffut

          Tanguy Touffut

          CEO & Co-Founder
          Descartes Underwriting

             

            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.

            Loredana Mazzoleni Neglen

            Global CEO Altitude Underwriting
            Strategic Risk Solutions

              Image of Claire Wilkinson

              Claire Wilkinson

              Managing Director, Alternative Risk Transfer Solutions
              WTW

                 

                How to register



                Attendance at the conference is complimentary - click the button below to register your place for free.

                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

                Image of the awards
                 

                Following the morning conference, we’ll reconvene in the evening for a 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.

                For further details about the categories and how to enter, scroll down below or click here to download the entry brochure.

                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

                Image of Henry Gale

                Henry Gale

                Analysis Editor
                The Insurer

                  Image of Chris Lee

                  Chris Lee

                  Founder
                  Exante

                    Image of Alan Punter

                    Alan Punter

                    Author & Chairman of Livery Committee

                      Image of Louisa Renoux

                      Louisa Renoux

                      Leading partner for Insurance Consulting
                      PwC France

                        Image of David Whitehead

                        David Whitehead

                        President
                        WRMA (Weather Risk Management Association)
                        Co-CEO
                        Speedwell Climate

                          Image of Paul Wilson

                          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.

                             

                            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

                            Conference venue
                            WTW, 51 Lime St, London EC3M 7DQ
                            Awards ceremony
                            Landing 42, 122 Leadenhall St, London EC3V 4AB
                             

                            Headline sponsor

                            Sponsors

                            Augment logo
                            Image of CelsiusPro logo
                            Descartes logo
                            Image of Howden logo
                            NormanMax
                            Image of Parametrix
                            Image of Skyline Partners
                            WRMA logo
                             

                            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:

                            Image of Beatrice Boico

                            Beatrice Boico

                            Head of marketing and events

                            +44 (0) 77 4160 9311

                            beatrice.boico@thomsonreuters.com

                              Image of Izzy Brooker

                              Izzy Brooker

                              Senior Marketing Specialist

                              +44 (0) 774160 9312

                              izzy.brooker@thomsonreuters.com

                                Image of Spencer Halladey

                                Spencer Halladey

                                Commercial director

                                +44 (0) 77 4160 9085

                                spencer.halladey@thomsonreuters.com

                                  Image of Andy Stone

                                  Andy Stone

                                  Sales manager

                                  +44 (0) 77 4160 9204

                                  andy.stone@thomsonreuters.com