The news is out! The Insurer broke the announcement in an exclusive in their Parametric Insurer Newsletter earlier today: The University of California has become the first organization in the U.S. to adopt sensor-triggered earthquake coverage with Liberty Mutual Reinsurance and Safehub - now the largest policy of its kind worldwide! This policy also showcases the power of collaboration across the insurance industry, with Munich Re providing additional reinsurance capacity, Alliant Insurance Services brokering the transaction, and Howden playing a key role in its placement. Thanks to everyone involved in putting this announcement together! Henry Gale Eve Dartigues Jean-Christophe Garaix Andy Thompson Evan Reis Donna Anna Smith Paula Wilson Hannah Clift Claire Rawlings Michael Roth Andreas Klein David Evans Dennis Mulqueeney #parametricinsurance #riskmanagement #earthquakerisk #resilience #collaboration #innovation #insurancenews
EXCLUSIVE: The University of California has switched carriers for its parametric earthquake insurance program, selecting coverage from Liberty Mutual Re that settles based on measurements from 180 sensors, Parametric Insurer can reveal... https://lnkd.in/ekFxq7sy #ParametricInsurer #parametric #parametricinsurance #alternativerisktransfer #indexbasedsolutions