Parametric seismic protection: objective magnitude-and-distance triggers that unlock rapid liquidity after an earthquake.
Earthquakes and related tsunamis have driven some of the world’s largest catastrophe losses. Traditional indemnity cover can be expensive, capacity-constrained, and slow to settle. Our parametric seismic policy links payout to objective ground-shaking metrics instead of lengthy loss adjustment—an efficient way to buy down deductibles, top up limits, or access fast disaster relief.
Rather than proving severity, causation, and exact loss, you pre-agree a magnitude-and-proximity trigger using a “cat-in-a-circle” structure. If a quake recorded by a recognised, independent source (e.g., USGS) meets the contracted magnitude within the defined radius bands around your site, the policy pays automatically. Payouts can scale by intensity (magnitude) and distance (closer bands pay more).
Ground-up protection means no financial deductible—if the event threshold is met and you suffer a financial loss, the cover responds. Because settlement relies on publicly available seismic data, valid claims are typically paid within ~21 days of the event/expiry.
Reduce earnings volatility and free up liquidity precisely when operations need it most.
All mechanics—magnitude thresholds, radius bands, and payout schedule—are written into the contract.
These elements define how your seismic cover behaves and how payouts are calculated:
Designed to reduce or remove traditional deductibles, provide top-up limits, or deliver rapid disaster relief with fast settlement.
Clear triggers, fast liquidity, flexible use cases—answers to common questions below:
No. If the agreed seismic thresholds are met within the circle and you sustain a financial loss, the policy pays per the schedule.
Because settlement relies on public seismic data rather than loss adjusting, payouts are typically made within ~21 days of the event/expiry.
Yes—use it to buy down large deductibles, add limits, or secure rapid post-event liquidity.
1) Site locations (addresses + lat/long), 2) loss history for seismic perils to cross-correlate with historic events, 3) budget guidance, 4) preferred payout shape (how magnitude/distance should map to payment), 5) policy period.
Thresholds are calibrated to local building codes and resilience; your structure can start at the level that’s economically meaningful for your risk.
