The parametric revolution – why the market is poised for dramatic growth

This article was produced in partnership with Amwins Group, Inc.

Gia Snape, of Insurance Business, sat down with Alex Kaplan, executive vice president of alternative risk at Amwins Group, to talk about the dramatic growth of parametric solutions and the opportunities that come with this innovative form of insurance.

Parametric insurance is enjoying a surge in popularity amid a hard property market. As markets begin to see the advantages this type of insurance can offer, the utilization of parametrics will also expand beyond the property and casualty space.

Alex Kaplan (pictured), executive vice president of alternative risk at Amwins Group, believes the parametric revolution has only just begun.

“This base will continue to grow dramatically over the next handful of years, in terms of the sophistication of the markets and the structures that they can offer, as well as the amount of capacity that is available in the space,” he said.