Cerchia continues its expansion: embeds Cyber Cat industry-loss Index and attracts Alternative Capital for further Innovative risk transfer
Zug, 28.11.2023 - Cerchia, at the forefront of revolutionizing risk transfer by directly connecting protection buyers with capital markets, announces its latest milestones in the pursuit of growth and innovation. The platform has successfully integrated another risk Index. Besides storm, quake and wildfire it now offers cyber cat industry loss index, featuring data sourced from PCS (Property Claim Services), expanding its risk transfer capabilities, beyond classical natcat.
Cerchia continues to innovate in the parametric insurance space with additional peer-to-peer transactions, facilitated on its marketplace. The first involved the seamless transfer of wildfire risk in California, while the second addressed a buyer's need to protect against the increasing threat of catastrophic losses from cyber events. Both transactions were executed by undisclosed buyers, underscoring the platform's commitment to confidentiality and security.
Both transactions show Cerchia’s autonomous marketplace’s unique self-servicing capabilities, allowing businesses and insurance companies to directly place their bids for protection on a dedicated board. This attracts alternative capital as capacity. Besides best execution, capacity providers like how the marketplace is structured. Risk transfer is automated and facilitated via a choice of insurance policies or financial derivative contracts. Also, buyer and seller can agree on various options as collateral, for the above mentioned: US Treasuries.
Cerchia’s competitive processing fee for each of the executed transactions underscores Cerchia's commitment to making risk transfer accessible to a broader spectrum of businesses. As Cerchia continues to redefine risk transfer, these recent developments mark a significant stride towards making innovative protection affordable and accessible. Stay tuned for more exciting advancements as Cerchia paves the way for a resilient future. 🚀🔐 #ART #RiskManagement #DRT #ILS #RiskTransfer #InsurTech #ClimateFinance #ESG
About Cerchia:
Cerchia is a pioneering provider of decentralized risk transfer solutions, dedicated to reducing the global protection gap. Their DRT™ marketplace allows buyers and sellers to transfer risk securely and transparently. With its standardization of risk, DRTTM makes protection affordable and accessible.
Picture: Mikhail Nilov