Safehub is thrilled to announce this exclusive partnership with Liberty Mutual Reinsurance! This event signifies a significant step forward in earthquake risk management, combining Safehub's advanced sensor technology with Liberty Mutual Re's expertise in (re)insurance. With this partnership, sensor-triggered #parametric earthquake insurance is now available globally, exclusively through Liberty Mutual Reinsurance. By harnessing the power of our scalable sensors, policyholders can now access a solution that provides real-time data, enabling swift and accurate payouts, and support for their response to seismic events. We're excited to embark on this journey with Liberty Mutual Re and look forward to making a positive impact in the world of earthquake risk management. #riskmanagement #parametricinsurance #insuranceinnovation #insurancenews #resilience
We are delighted to announce our exclusive partnership with Safehub to launch a groundbreaking earthquake insurance solution for clients globally. Last week, Dieter Winkel, President of LM Re, and Andy Thompson, Co-founder and CEO of Safehub, sat down to sign the official papers. Jean-Christophe Garaix, Head of Agriculture and Parametrics at LM Re, has expressed his excitement about the partnership, emphasizing their dedication to delivering innovative (re)insurance solutions that meet customers' evolving needs. The goal is to provide policyholders with comprehensive coverage and faster access to indemnification in earthquake-prone regions. Building upon the success of a pilot programme in Mexico City, where the sensor-based solution has already been rolled-out for 23 strategic locations to facilitate rapid and accurate payouts to policyholders, LM Re and Safehub are expanding its reach to offer the solution to clients worldwide. This market-first collaboration aims to revolutionize the way parametric earthquake (re)insurance is provided, bringing greater accuracy and efficiency to the claims process. We are excited to embark on this remarkable journey with SafeHub! To read the full press release click here: https://lnkd.in/e--bfspe #Earthquake #Parametric #Insurance #Reinsurance Donna Anna Smith, Chantal Rodriguez-Wagener, Jean-Christophe Garaix, Abdessamad EL ANGOUDI, Miguel Martinez Alvarez, Eric Sugier, Eve Dartigues, Andy Thompson and Dieter Winkel