TriggerSnowfall, departures, rain hours
Weather and disruption
Snow guarantees, delay payouts, rain-out refunds and weather credits for customers who pay in advance.
Fits resorts, airlines and travel, golf, live events, parks
Parametric risk transfer studio
Insurance, inverted.
We build risk transfer around customers who are already pooled, then bring the capital to them.
ParadigmMetric forms Risk Ventures with the organizations that hold Natural Risk Pools. We design the exact solution each pool needs and manage the capital behind it.
Top-downToday
Carrier book
Product
Distribution
Customer
Pool firstParadigmMetric
Natural Risk Pool
Exact solution
Capital
Why
Insurance is built top-down. We start from the pool.
A carrier designs a product around its own book, and distribution then looks for buyers one at a time. The customer takes the closest fit.
We reverse the order. We start with customers who are already pooled, build exactly what they need, and finish with the capital. The organization that created the pool shares in the value of what it built.
What
One model, four families of risk transfer.
Each one pays a fixed amount on an objective, independently verified index. There is no claims adjustment and no proof of loss.
TriggerFlood depth, wind speed, hail swath
Indemnity gap coverage
Pays fast on flood, wind and hail deductibles, alongside the property policy.
Fits lenders, homebuilders, HOAs, property managers
TriggerA verified on-field outcome
Competition and venue rewards
Standing prize programs and fan rewards, with the prize pool underwritten rather than reserved.
Fits sports teams, golf operators, entertainment venues
TriggerFHFA, Case-Shiller or MLS index
Index-linked financial hedges
Pays a lender when a published home-price index falls below a threshold.
Fits banks, credit unions, mortgage insurers
If your organization serves customers or members who share a risk, we can design around it.
Tell us about your customers
How
Profit share, not commissions.
For each pool we form a Risk Venture with the organization that holds it. The partner owns equity and shares in the venture's profit, so partners don't need an insurance license. The partner keeps the customer relationship, the data and the brand.
Find the pool
A Natural Risk Pool with an existing point of access.
Form the venture
A dedicated vehicle, with the partner as an equity owner.
Run on one platform
Shared operations, licensing and administration.
Compound the data
Pricing and loss data from every venture sharpens the next.
Pool the capacity
A diversified portfolio earns better terms from capital.
Each ventureAcross the portfolio
We bring
- Product, index and trigger design
- Actuarial pricing and the capital model
- Licensing and regulatory filings
- Carrier, reinsurance and ILS capacity
The partner brings
- The Natural Risk Pool
- The channel at the point of purchase
- Operational data
- The brand and customer relationship
For capital
For carriers, reinsurers and ILS investors.
- HomogeneousOne product, one exposure period, one dominant peril per pool.
- Data-richSettlement data the partner already tracks for its own operations.
- IndependentTriggers largely uncorrelated with catastrophe risk.
Who
Built by operators who have done it.
Cameron Torstenson
Co-Founder and Operating Partner
- Twenty-five years across insurance distribution, product, underwriting partnerships and capital.
- Former EVP and CMO, EMC National Life.
- Co-developed products with Munich Re and RGA.
Daniel Alper
Co-Founder and Operating Partner
- Attorney and deal-maker.
- Former CEO of Major Energy Services, which he led through its sale to Spark Energy.
- Designed a state environmental insurance and assurance program with state regulators and the US EPA.
Contact
Let's talk.
You might hold a pool of customers who share a risk. You might bring capacity, or want to understand the model. Either way, start with a conversation.