Clyde & Co Resilience - Parametric Insurance Paper

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Clyde & Co and resilience

As a leading insurance law firm, Clyde & Co is committed to supporting initiatives that facilitate greater resilience in the developed and developing world. In the wake of increasing climate related events and societal trends such as urbanisation, the challenges facing insurers in trying to provide the best protection cover to corporates,governments and communities, are considerable. Globalisation has raised resilience management to the top of the corporate agenda and commerce and populations need the experienced support of the insurance industry to adapt to the disruptive forces driving the protection gap. Insurance products such as parametric and microinsurance, assisted by advancements in assessment tools and datamanagement, will play an increasingly active role in resilience management. These innovative new, mixed and hybrid insurance products

are evolving, but as ever the regulatory framework will have to move fast to keep up. In these circumstances strong and experienced legal support is essential. Clyde & Co has the largest team of insurance and reinsurance law specialists offering a global service across every insurance business class. Through our global network we can provide local and London market legal and regulatory advice from concept to final product supporting new insurance approaches, market expansion strategies, structural policy decisions, regulatory familiarisation and duties of care advice. Our track record of supporting insurers in new and emerging markets is second to none and our support of institutions working to create a more resilient world means we remain focused on supporting the development of resilience management expertise across the world.

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