LM Re and Safehub partner with Alliant on sensor-triggered quake cover for US public entities
By Henry Gale
Feb 7 - (The Insurer) - Liberty Mutual Re (LM Re) and Safehub have agreed a partnership with Alliant to offer their sensor-based parametric earthquake insurance solution to the US public sector.
Alliant is now the exclusive broker for LM Re and Safehub's solution for US-based public sector entities, having worked with the companies last year on a deal that saw the University of California adopt sensor-triggered insurance, which Parametric Insurer revealed in October.
The solution triggers insurance payouts based on ground-shaking measurements from Safehub's locally installed sensors. LM Re and Safehub first announced their partnership in April 2024 following a pilot program in Mexico City.
Alliant is known to be the broker for several parametric insurance programs for public entities, including Georgia's Department of Administrative Services, Los Angeles World Airports and the County of Los Angeles, as well as the University of California.
In a LinkedIn post, Safehub said: "This collaboration makes this innovative, data-driven earthquake coverage more accessible to public sector organisations, helping them enhance resilience, minimise disruption, and secure faster financial recovery after an event."
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