Latest Paradigm Group News
Sep 30, 2020
September 30, 2020 08:53 AM Eastern Daylight Time FORT LAUDERDALE, Fla.--( BUSINESS WIRE )--New Paradigm Group is pleased to announce the rescheduled dates and new virtual format for the inaugural New Paradigm Global Parametric Insurance and Reinsurance Conference (“New Paradigm Conference”) taking place on November 11 and 12, 2020. The New Paradigm Conference will be a virtual forum for learning how parametric insurance and technologies are closing the global protection gap. Opening Keynote Speaker: Mike Sapnar, CEO Transatlantic Reinsurance Ltd. (TransRe) Preliminary Panel Participants: Thomas Thumerer: Munich Re, Capital Partners Duncan Ellis: Head of Retail Property, AIG Peter Miller: Managing Director, Neuberger Berman Re Robert Nusslein: Head Innovative Risk Solutions, America, Swiss Re Corporate Solutions Andrea Baer: Head Innovative Risk Solutions, Latin America, Swiss Re Corporate Solutions Steven Nigro: Managing Partner, TAG Financial Institutions Group Diego Monsalve: CCM Corporate and Sales, Marsh Lewie Lawrence: Exec. Director, Middle Peninsula Planning District VA Mark Groenheide: SVP Specialty, GuideOne National Insurance Company Cory Anger: Managing Director, Guy Carpenter Securities Alex Kaplan: EVP Alternative Risk, AmWins Group, Inc. Brent Poliquin, Vice President, Strategy, AIR Initial Sponsors include: RMS Preliminary Session topics Include (subject to change): The Natural Disaster Protection Gap: Is this the largest market opportunity globally for the (Re)Insurance industry? How are parametric insurance solutions solving problems in Latin America and the Caribbean? (With a high frequency and severity of catastrophes, parametric insurance is already being widely utilized in this region) How Governments are utilizing parametric solutions for resiliency Parametric Triggers & Policy design considerations (Understanding the basis risk upfront in a parametric policy vs. hidden in a traditional policy.) What is next for Parametric risk transfer? (New Perils, New Regions, and New Contract Types?) Parametric (Re)Insurance: The buyers’ perspective Evan Glassman, CEO of New Paradigm, commented, “We are very excited about the high level of interest in the Conference coming from diverse stakeholders in this rapidly growing risk transfer sector. The New Paradigm Conference is providing a unique forum to learn and further the development of parametric risk transfer. Due to the global pandemic and the limitations on travel we are switching to a virtual format for 2020. We are confident that the virtual format will allow us to greatly expand the audience for this valuable content on November 11th and 12th.” Parametric insurance and reinsurance solutions have been around in different forms for several years. However, in recent years, the convergence of technology, data, and awareness has led to an exponential increase in interest in parametric (re)insurance solutions. Glassman continued, “We believe parametric solutions deserve their own educational forum. We are committed to bringing together all the stakeholders in the industry including: corporate and government clients, leading insurance and reinsurance brokers, (re)insurance companies, ILS funds, Index providers and other parametric platform providers that are interested in learning and sharing more about parametric risk transfer solutions. We will be hosting industry experts as well as current corporate and (re)insurance company purchasers of parametric coverage as speakers and panelists to discuss how and why this market has been growing so significantly.” For more information about the New Paradigm Conference, including registration and remaining sponsorship opportunities, please visit http://ParametricConference.com New Paradigm Group is a Florida-based insurance holding company with subsidiaries specializing in providing parametric insurance and reinsurance solutions. The New Paradigm Conference is produced by New Paradigm Group subsidiary New Paradigm Parametric Conference Advisors, LLC. New Paradigm can deploy substantial financial capacity to provide affordable, first dollar catastrophe cover for risks that are difficult or impossible to insure traditionally. New Paradigm utilizes proprietary parametric triggers featuring a claims settlement process that can be significantly quicker than traditional insurance. For more information about New Paradigm, please visit www.npuins.com .