Supply chain risks are no longer a back-office issue but a boardroom priority. Traditional contingent business interruption (CBI) coverage often fails due to complex exclusions and long claims processes. Parametric (re)insurance offers a clearer alternative: payouts are triggered by objective events (e.g., windspeed, earthquake magnitude), providing faster liquidity and broader protection. This makes it especially valuable for non-owned locations and supply chain dependencies. As data quality and market capacity improve, parametric solutions are becoming a key complement to traditional coverage—helping businesses reduce volatility and secure resilience.
I have spent my career building and scaling businesses in the insurance and reinsurance industry. I have led underwriting divisions across global markets, launched successful MGUs, helped establish U.S. carriers, built a third-party risk engineering firm, and co-founded a Lloyd’s syndicate. Along the way I have seen both the strengths and the shortcomings of traditional (re)insurance. One thing is clear: the world is changing faster than the industry’s legacy products and tools can keep up with.At LIRG™, we built our company around one principle: Moving At The Speed Of Change™. In a world where risks evolve daily, clients cannot afford slow-moving processes and outdated solutions. The future of risk transfer requires speed, precision, and clarity, and that is exactly what parametric (re)insurance delivers.