Africa Specialty Risks Launches Parametric Underwriting Division
May 24, 2021
Africa Specialty Risks (ASR), the pan-African focused managing general agent, announced the launch of its parametric division, alongside the appointment of Dr. Raveem Ismail as head of Parametric Underwriting and Ian Bishop as Parametric Product manager.
ASR Parametric brings together underwriting, technology and analytical expertise to offer innovative risk solutions. Cover will be provided for both direct and indirect loss, with no requirement for property damage.
Using technology enabled triggers to provide the most precise coverages, ASR will work with insureds to create structures reflecting their experience of risk. This protection will also offer near immediate response for insureds, providing settlement within days of a triggering event – enabling clients to increase resilience.