The Future of Risk Transfer Is Parametric (Re)Insurance

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 In a world where risks evolve daily, clients cannot afford slow-moving processes and outdated solutions.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.

Why Parametric Matters

Parametric (re)insurance is still indemnity (re)insurance, but it works differently. Instead of relying on lengthy claims investigations with a mountain of ambiguity in coverage, it is built on pre-agreed triggers with broad coverage. When an event meets the defined parameters, such as a hurricane’s sustained wind speed or a measured earthquake magnitude, the policyholder can expect a payment that is significantly faster and far less contested than with traditional indemnity solutions.

This approach improves the customer experience in three critical ways:

• Faster response. Capital is released in days or weeks instead of the months or even years it can take with traditional claims adjustment.
• Clarity. Both insurer and insured know the precise conditions that activate the coverage and the available indemnity amount.
• Trust. Reduced disputes mean customers can rely on their protection when they need it most.

In today’s economy, speed and transparency are not optional. They are requirements.

Why I Founded LIRG™

When I founded LIRG, my vision was not to create another brokerage. It was to reimagine what a broker could be in a world where risk is accelerating. Our mission is not just to place (re)insurance but to design smarter and more transparent ways to transfer risk.

LIRG focuses on three pillars:

1. Retail Insurance. Bringing precision and responsiveness to personal, commercial, and specialty lines that need it.
2. Programs and MGUs. Supporting entrepreneurs in launching innovative insurance programs, including captives, specialty lines and Takaful products.
3. Reinsurance and Parametric Solutions. Designing structures that align capital with risk in ways that are faster, clearer, and more efficient.

Our name reflects our ethos, but our trademark Moving At The Speed Of Change™ defines how we execute. It is not a slogan. It is the standard we hold ourselves to for clients, for markets, and for the industry.

Looking Ahead

The industry has a choice. It can continue with slow and cumbersome indemnity processes very few undestand, or it can adapt to a model where clients know what they are buying and can count on it to deliver when it matters. Parametric (re)insurance is not instant (yet), but it represents a leap forward. It provides faster payments, greater transparency, and better alignment between risk and recovery.

At LIRG, we are committed to pushing that future forward. We do not just want to follow the change in risk transfer. We want to lead it. That is what Moving At The Speed Of Change™ is all about.