Risk
Parametric Insurance: Mitigating Risk From Weather-related Events
Insurers can offer tailored solutions that allow contractors to manage the financial impact of adverse weather on revenues and costs. Parametric solutions cover a pre-defined event of a pre-specified magnitude.
By Paul Ramiz and Michael DeLio
November 9, 2018
Topics
Risk
by Paul Ramiz
Paul Ramiz is a Broker and Product Leader for Aon’s Innovation and Solutions team, primarily focussing on Weather Risk Management. With more than 10 years London market experience in (Re) Insurance in various roles, He works directly with Aon’s Global Head of weather, specialising in parametric index (Re) Insurance, Alternative Risk Transfer and bespoke Non-Standard transactions around Non Damage Business Interruption.
by Michael DeLio
As an Economist with Aon’s Brokerage Analytics and Risk Strategies (BARS) group, Michael DeLio supports Aon’s Global Construction and Infrastructure team by aggregating market placements, benchmarking carrier and client performance, and providing industry insight and market trends. In addition, he leads the development of North America’s parametric weather risk transfer product, helping contractors mitigate weather related perils during construction and operations. Michael has an MS in Economics from University of Illinois at Urbana-Champaign and BBA in Economics and Marketing from Loyola University of Chicago.
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