FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--New Paradigm Group is pleased to announce it will host its first annual New Paradigm Global Parametric Insurance and Reinsurance Conference (“New Paradigm Conference”) at the Eden Roc/Nobu Hotel in Miami Beach on April 2-3, 2020. The New Paradigm Conference will be a forum for learning how parametric insurance and technologies are closing the global protection gap.
Evan Glassman, CEO of New Paradigm commented, “All the recent global natural disasters of the last several years, whether from hurricanes Harvey, Irma and Maria, wildfires or other perils have highlighted the protection gap under traditional insurance programs. Percentage deductibles, limitations of coverage and in many cases, an adversarial claims process, only serve to exacerbate the issues post event.”
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, “At many of the insurance and reinsurance conferences New Paradigm has attended over the last several years there has been the occasional speaker or panel discussing either parametric insurance and/or the protection gap. We believe parametric solutions deserve their own educational forum. We are excited about bringing together all the stakeholders in the industry including corporate 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 actual 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 conference, please visit http://ParametricConference.com to save the date and continue to receive exciting updates about the event.
New Paradigm Group is a Florida-based insurance holding company with subsidiaries specializing in providing parametric insurance and reinsurance solutions. New Paradigm can deploy substantial financial capacity to provide affordable, first dollar catastrophe cover for items that are difficult or impossible to insure traditionally. New Paradigm utilizes proprietary parametric triggers that result in a claims settlement process that can be significantly quicker than traditional insurance. For more information about New Paradigm, please visit www.npuins.com.