[SRA Live Webinar] on Parametric Risk Transfers

 

DATE / TIME:

Tuesday, 15 June 2021

3:00pm – 4:00pm (UTC+8)

 

 

 

 

 

 

WEBINAR OUTLINE:

Last November, the SRA Technical Sub-Committee published a white paper on ‘Parametric Risk Transfer: A solution to narrow Asia’s Protection Gap’. This paper aims to raise awareness amongst practitioners and regulators in the Asia Pacific region on the important role that parametric risk transfers play in emergency situations due to their ability to provide speedy payouts. It also explains how parametric risk transfers complement traditional insurance, for example by providing payouts to non-physical damage expenses, such as offering a cover for outage of power plants which is often based on parametric triggers.

 

Despite the many benefits that such parametric solutions can have for many markets in Asia, which are susceptible to natural disasters, there is still much that can be done to grow the demand for these products.

 

The SRA Technical Sub-Committee is organising an hour-long live webinar on Tuesday, 15 June 2021 to share insights from subject matter experts on the key considerations when structuring a parametric product, how they are used in various markets and how such covers can reach their full potential in Asia.

 

The webinar will feature:

 

        • Opening remarks by the Executive Director of the Financial Markets Development Department of the Monetary Authority of Singapore (MAS)

 

        • A brief overview of the Parametric Risk Transfer white paper presented by the Convenor of SRA’s Technical Sub-Committee

 

        • A panel discussion involving subject matter experts from New Zealand, London and Singapore who will share their collective experience in structuring Parametric Risk Transfer solutions in various markets and consider possible use cases to help plug emerging Asia’s huge insurance protection gap.    

 

 

 

 

 

 

 

 

PROGRAMME

 

 

 

 

 

 

2:45pm – 3:00pm

 

 

REGISTRATION

 

 

 

 

3:00pm – 3:05pm

 

OPENING REMARKS

 

Mr Lim Cheng Khai

Executive Director, Financial Markets Development Dept, Monetary Authority of Singapore (MAS)

 

 

 

 

3:05pm – 3:10pm

 

 

HIGHLIGHTS OF THE SRA WHITE PAPER ON “PARAMETRIC RISK TRANSFER”

 

Ms Ieva Segura Cobos

Convenor, SRA Technical Sub-Committee and Head, Regulatory Risk Management Asia, Swiss Re

 

 

 

 

3:10pm – 3:45pm

 

 

PANEL DISCUSSION

“PARAMETRIC RISK TRANSFER - A SOLUTION TO NARROW ASIA’S PROTECTION GAP”

 

Moderator:  Mr Tom Graham

Head of Regional Treaty Development,

Chaucer Group and Member,

SRA Technical Sub-Committee

 

Panellists:    Dr Hugh Cowan

Director, Hugh Cowan Consulting Ltd, New Zealand         

Dr Trevor Maynard

Head of Innovation, Lloyd's, London

Mr Philipp Servatius

Senior Product Manager, Swiss Re, Singapore

           

 

 

 

3:45pm – 4:00pm

 

Q&A SESSION

 

 

 

 

 

REGISTER

 

 

 

 

 

 

 

Inquiries: secretariat@sg-reinsurers.org.sg

 

 

 

 

 

 

SRA Live Webinar on “Parametric Risk Transfer” – 15 Jun 2021