Trigger Parametric
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    Why Trigger

    Why parametric insurance

    Why parametric insurance comes down to this: weather, catastrophe and commodity shocks hit fast and hit hard, and traditional insurance was not built for these risks.

    The cover meant to absorb them is often slow, contested or simply unavailable. Here is the problem, what it costs, and why parametric is the answer.

    The protection gap

    A large share of catastrophe and weather loss is uninsured. The businesses most exposed, food producers, energy operators, lenders, governments and companies with weather sensitive revenue, are often the ones the standard market serves least well. When a major event hits, the difference between economic loss and insured loss is enormous, and it lands on balance sheets that can least absorb it.

    What the delay costs

    It is not only whether you are covered. It is how long the money takes to arrive.

    Cashflow stops first

    Revenue falls the day the event hits. Traditional claims can take months to settle, long after the damage to the business is done.

    Disputes and exclusions

    Loss adjusting, proof of loss and fine print create friction exactly when a business needs certainty.

    Some risks are simply declined

    For many perils and regions, conventional cover is restricted, priced out, or not offered at all.

    The real cost is in the wait

    When a major event hits, the loss is not a single moment. It is everything that follows while a business waits to be made whole.

    Production stops, but wages, suppliers and financing costs do not. Recovery decisions get delayed because the money to fund them is still tied up in an open claim. Every week of uncertainty adds cost that the original event never caused.

    Traditional cover measures the damage, then argues about it. Parametric measures the event, then pays. That difference, weeks against days, is often what decides whether a business absorbs a shock or is defined by it.

    By fixing the trigger and the payout in advance, we take the wait out of the equation and put usable cash in place while it still changes the outcome.

    Our solution is parametric

    Agree the trigger and the payout in advance

    When the agreed event is confirmed by independent data, the payout is made. No loss adjusting. No dispute. The money arrives while it still changes the outcome.

    See exactly how parametric works →

    Why Trigger specifically

    The engine behind the cover

    A full stack partner

    Pricing, structuring, risk transfer and full solution design in one place. You have one conversation, not three, and a deal moves at the speed the risk demands.

    Breadth across the risk spectrum

    From liquid industry loss warranties to bespoke corporate parametric and high volume agriculture schemes, across every major weather and catastrophe peril.

    Credibility through process

    Independent third party data only, never counterparty provided. Statistical modelling, portfolio stress testing and basis risk assessed at the structuring stage.

    A rated capacity, flexible execution

    Backed by A rated reinsurance markets and able to route a risk through a Guernsey cell or direct with cedents, whichever fits the transaction.

    More on our capacity and security →

    Common questions

    Frequently asked questions

    What is parametric insurance and how does it work?

    Parametric insurance pays a set amount when an agreed, independently measured event occurs, rather than reimbursing an assessed loss. The trigger, the data source and the payout are all fixed in the policy in advance. When the data confirms the event, the money is paid, and it is yours to deploy wherever the situation needs it.

    Can parametric insurance be used alongside traditional indemnity cover?

    Yes. Parametric is most often used alongside traditional indemnity cover rather than instead of it, filling deductibles, exclusions and the revenue and non damage losses an indemnity policy will not respond to. It can also put usable cash in place while a conventional claim is still being adjusted.

    How quickly are parametric claims paid?

    Once the independent data confirms the agreed trigger has been met, settlement is typically a matter of days, because there is no loss adjusting to complete. The payout is a set amount fixed in the policy, so there is nothing to survey, negotiate or dispute.

    What is basis risk in parametric insurance?

    Basis risk is the gap between what a parametric policy pays and the loss you actually suffer, because the payout follows a measurement rather than an assessment. We manage it through careful choice of measurement point and threshold, dual triggers where they tighten the link to the exposure, and calibration against historical events. Residual basis risk is disclosed rather than hidden.

    Which perils can parametric insurance cover?

    We cover every major weather and catastrophe peril, grouped into four lines: catastrophe, weather, specialty and commodity. That spans earthquake, hurricane, flood, hail and tornado, drought, heatwave, snow, lightning and frost, wildfire, volcano and business interruption, plus price linked and volumetric commodity cover.

    Which reinsurers provide parametric capacity?

    Our placements are backed by A rated reinsurance markets, and a risk can be routed through a regulated Guernsey cell or placed direct with cedents, whichever fits the transaction. Pricing, structuring and risk transfer sit in one place, so terms come back from a single conversation.

    Let us look at your exposure

    If you can measure it, we can often structure cover for it.

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