Before you break for Thanksgiving, sign up to the InsTech webinar on insurance cover for severe convective storms https://lnkd.in/ewuJEW5X . It’s free and you’ll hear insightful perspectives on how to obtain reinsurance for accumulated storm losses from Branch Insurance MD Pete Vloedman, Harford Mutual Insurance Group Board member and reinsurance luminary, John DeMartini, and The Demex Group’s Chief Risk Officer, Matt Coleman
The Demex Group
保险业
New York City，New York 1,237 位关注者
Covering financial risks caused by extreme weather volatility.
关于我们
Severe thunderstorms are causing the biggest losses for insurers today and, historically, when a standout threat emerges the insurance industry responds by carving that peril out of standard policies so that it can be modeled, priced, reinsured, marketed, and addressed separately (like cat bonds). Demex is under the radar working on this precise product for thunderstorms. For the first time this year, during reinsurance renewal season, Demex will be selling a fix into the US market: Two of the top three global reinsurance brokers are selling Demex’s storm product to their insurer customers this year – it’s like a security patch for insurers overwhelmed by these losses. Major investors with weather desks are backing (providing capacity for) the product.
- 网站
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https://thedemexgroup.com
The Demex Group的外部链接
- 所属行业
- 保险业
- 规模
- 11-50 人
- 总部
- New York City，New York
- 类型
- 私人持股
- 创立
- 2020
- 领域
- Risk Management、Weather Derivatives、Commodities、Finance、Climate Resilience、Parametric Insurance和Climate-Linked Insurance
地点
The Demex Group员工
动态
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How can you provide insurance cover for severe convective storms? Attend InsTech’s webinar to listen to Branch Insurance MD, Pete Vloedman, Harford Mutual Insurance Group Board member John DeMartini and The Demex Group’s Matt Coleman discuss a breakthrough parametric reinsurance solution?that addresses the single largest insured loss challenge in the P&C industry today.
??? Weathering the Storm: Innovative solutions to provide insurance cover for severe convective storms (SCS) ??? Insurance professionals, take note! Severe Convective Storms (#SCS) like tornadoes and hail are no longer just a seasonal headache—they’ve become the largest loss driver for the insurance industry globally, surpassing even hurricanes. As their frequency and severity increase, how can insurers adapt and thrive in this evolving landscape? ?? ?? ?? https://lnkd.in/eMMAvXsy Join us as Matthew Grant and industry experts as they dive deep into: ? The growing challenges posed by SCS. ? Why traditional reinsurance solutions may fall short for US carriers. ? The reinsurance solutions provided by The Demex Group ? The Demex Group has a team of weather risk experts hailing from industry giants like Citadel, Enron, Munich Re, and more, their innovative solutions, backed by major reinsurance brokers and capacity providers, are a game-changer for carriers looking to protect earnings, surpluses and ratings. ?? Don’t miss this chance to learn how The Demex Group is redefining SCS risk transfer for a more resilient future. ?? ?? ?? https://lnkd.in/eMMAvXsy ?? Ready to transform your SCS risk strategy? Drop by our session to explore the next wave of reinsurance innovation. ??? #Insurance #Reinsurance #SCS #Innovation #RiskManagement #Demex Matthew Grant Pete Vloedman John DeMartini Matt Coleman Susi Ozkurt Charlotte Salisbury Sam Jones
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I was joined by several other CEOs and leading executives at the MetaProp industry event in New York this week. We discussed where climate tech is headed and I joined a great panel with Maureen Waters Measurabl, Phil Barrett, Sheida Shahi Adaptis and Ely Greenberg?Kelvin to talk in-depth on the topic. ? It was an insightful event and reinforced how relevant the The Demex Group reinsurance solution for severe convective storm losses is in helping insurance carrier stability and enabling them to provide consistent, affordable insurance to homeowners?and businesses. It is great to have MetaProp as one of Demex's partners. Thanks Zak Schwarzman,?Zach Aarons?and the team for your expertise and engagement.
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World’s $2 trillion dollar extreme weather costs in past 10 years hit US the hardest. Axios recently published extreme weather damage estimates from the Oxera report?for the International Chamber of Commerce for 2014-2023. Costs roughly equate to those of the 2008 global financial crisis?and ICC secretary-general John W.H. Denton AO said "the economic impact of climate change" needs a "response of similar speed and decisiveness," per CNN. Researchers found in the last two full years of the report alone, global economic damages reached $451 billion - a 19% rise compared to the previous eight years of the decade. The world needs more solutions that help minimize the economic and community impact caused by these extreme weather events – we are glad Demex’s reinsurance product for severe convective storm losses is able to provide some assistance. https://lnkd.in/ebtF7RAD #parametric #reinsurance
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The Insurer’s video crew caught up with us after our Parametric Awards win in London! #ParametricInsurerEvent https://lnkd.in/eGNMxBq8 #parametric
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?? It's been one week since we held our first-ever 2024 Parametric Insurer Awards, where we welcomed over 170 attendees at Landing Forty Two in London to celebrate innovation and excellence in the fast-growing global parametric and alternative risk transfer market. Once again, congratulations to all of our winners: PARAMETRIC BROKING COMPANY OF THE YEAR | Aon PARAMETRIC (RE)INSURER OF THE YEAR | Liberty Mutual Reinsurance PARAMETRIC MGA OF THE YEAR | Descartes Underwriting SOLUTIONS PROVIDER OF THE YEAR | Skyline Partners INNOVATION IN PARAMETRICS (WEATHER AND NAT CAT – PUBLIC SECTOR) | Aon – Parametric Solution for the Government of Puerto Rico and FEMA INNOVATION IN PARAMETRICS (WEATHER AND NAT CAT – PRIVATE SECTOR) | The Demex Group – Parametric Reinsurance Solution for Secondary Perils INNOVATION IN PARAMETRICS (OTHER) | Munich Re, African Risk Capacity, Frankfurt School of Finance, West African Development Bank (BOAD) PARAMETRIC BROKER OF THE YEAR | Alice Glenister MSc ACII, Miller Insurance Services LLP PARAMETRIC UNDERWRITER OF THE YEAR | Jason Hartell, Global Parametrics (a CelsiusPro company) PARAMETRIC RISING STAR OF THE YEAR | Francesca Finucane, NormanMax Insurance Solutions OUTSTANDING CONTRIBUTOR OF THE YEAR | Martin Hotz, Swiss Re Corporate Solutions ?? To read our coverage of the Parametric Insurer Conference held on the morning of the same day, download our highlights PDF here for FREE: https://lnkd.in/e-VAmybi Augment Risk | CelsiusPro | Descartes Underwriting | Howden | NormanMax Insurance Holdings, Inc | Parametrix | Skyline Partners | Weather Risk Management Association (WRMA) Henry Gale Spencer Halladey Beatrice Boico Isabelle Brooker The Insurer TV #ParametricInsurerEvent #ParametricInsurer #Parametric #AlternativeRiskTransfer #IndexBasedSolutions
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And the winner is Demex! We are proud to have been named the winner of Innovation in Parametrics (Weather and NatCat - Private Sector) at the global Parametric Insurer Awards 2024 in London. The feedback we have received regarding our breakthrough parametric reinsurance solution for secondary perils this week has been?amazing, and we were gratified to have been recognized with this honor.??Congratulations?to Henry Gale and The Insurer for hosting such a successful event.
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We are looking forward to attending tomorrow's Parametric Insurance conference and proud to be shortlisted in the global Parametric Insurance Awards for 'Innovation in Parametrics (Weather and NatCat - Private Sector)' for our reinsurance solution for secondary perils. Fingers crossed! The Insurer
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Good to see two The Demex Group investors, Andrew Lerner,?IA Capital Group, and Ruth Foxe Blader,?Foxe Capital, providing their valuable insights at this session on 'The Insurtech Investment Ecosystem - Building Bridges to Future Innovation' #ITC2024
Great panel moderated by the gracious Andrew Lerner?with Amir Kabir ???David Katz?and Lluís Vi?as Fernandez?at #ITC2024. Debates about: ??Market correction ??GenAI adoption curve? ??Buy vs. build ??When to believe the hype Rarely is a conversation so well-matched and well-moderated ???? Wonderful to spend time with Kate Sampson Hanna Wu Joshua Wyss Chi Lee Jonathan Gonzalez Rich Counsell Keith Soranno Ben Bergsma Ned Daoro Brian O'Reilly + more!
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Welcome to the team ??John Qiang Su??
Delighted to welcome Dr.??John Qiang Su?? to The Demex Group. His extensive experience?and risk management expertise make him an outstanding addition to our team.?? https://lnkd.in/eJEg2fDr (paywall) #reinsurance #parametric
SCS specialist Demex hires Arbol’s Su as managing director of structured risk solutions
https://www.parametric-insurer.com