VCIA to host parametric webinar

Vermont Captive Insurance Association (VCIA) is to host a webinar looking at parametric insurance and catastrophe risks in May.

The session, “Peril and Parametrics: The New Opportunity to Expand Capacity for Catastrophe Risks”, will look at opportunities for captives to integrate parametric risk transfer. It will examine the types of risks it can cover, including climate, cyber and pandemic risks; options to generate capacity outside traditional re/insurance markets; and how parametric risk transfer is regulated for Vermont-domiciled captives.

Speakers will include Aiden Joo, head of North America alternative risk transfer at Marsh USA, and Marcus Schmalbach, founder and CEO of insurtech business RYSKEX Inc. Dave Provost, deputy commissioner for captive insurance at Vermont Department of Financial Regulation, will moderate.

“As the Vermont regulatory landscape responds to growing and unpredictable environmental challenges caused by the climate crisis, parametric risk transfer has recently become a new area of focus that can be a great fit for the captive realm,” the association said.

Those wishing to attend can  register online.

Established in 1985, VCIA is the largest trade association for captive insurance in the world.