LIRG believes the future of parametric (re)insurance lies in combining data and modeling with clarity, accessibility, and human-centered design. Early products were too complex and opaque, limiting adoption. LIRG designs simple, transparent triggers aligned with real risks, aiming to move parametric (re)insurance from niche to mainstream. Their mission: make risk transfer a tool for trust, empowerment, and resilience.
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 In a world where risks evolve daily, clients cannot afford slow-moving processes and outdated solutions.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.