Swiss Re CorSo and Reask to expand parametric Storm product
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Swiss Re CorSo and Reask to expand parametric Storm product

Swiss Re Corporate Solutions (CorSo) and tropical cyclone analytics firm Reask have teamed up to expand the carrier’s parametric windstorm product, Storm.

Storm was initially launched in hurricane-prone areas of the US and the Caribbean.

It uses the highest reported wind speeds at defined locations as the trigger for a loss payment, which is typically made within days of an insured event.

CorSo...

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