CatX launches platform for structuring parametric deals and connecting with capacity

By Henry Gale

Feb 4 - (The Insurer) - Digital risk transfer marketplace CatX has launched a software platform to help organisations design parametric risk transfer structures and connect with capacity providers.

The Catamaran Parametric platform includes risk assessment and visualisation tools for perils such as hurricanes, earthquakes, droughts, severe convective storms and temperature risks using data from various meteorological sources.

It guides users through creating parametric structures, including back-testing the structure against historical events and a comparison with indemnity-based coverage.

The platform also allows protection buyers to connect with capacity providers, including more than 50 institutional investors and alternative capital providers managing more than $600bn in assets.

"Parametric insurance has tremendous potential, but modelling complexity has been a significant barrier to entry," said Benedict Altier, CEO of CatX. "Our platform breaks down those barriers, making sophisticated risk analysis accessible to both seasoned professionals and those new to parametric protection."

Lucas Schneider, CTO of CatX, said: "Leading brokers have already licensed our platform, validating our approach to reducing manual effort while enhancing analytical precision. We are also committed to building in public by sharing key parametric features through an open-access platform."