Matrix is pleased to announce the completion of a significant parametric insurance transaction for one of our long-standing clients in the Caribbean. This solution replaced traditional coverage with a bespoke parametric structure designed to provide faster, more transparent protection against hurricane risks.
In hurricane-exposed regions, buyers are finding it increasingly difficult to secure cost-effective protection through traditional insurance markets. Parametric solutions are emerging as a powerful alternative, offering certainty of payout and speed of settlement when pre-defined event triggers are met.
For this client, Matrix originated and structured a parametric programme that removed the complexity of traditional deductibles and exclusions, securing competitive rates and high-quality security. The design ensures that in the aftermath of a qualifying event, the client can expect a rapid financial response — often within days or weeks — allowing for improved resilience and business continuity.
This transaction reflects Matrix’s ability to innovate for our clients and to deliver tailored risk-transfer solutions where traditional insurance markets have proven insufficient. Our independent position and deep expertise enable us to leverage the full spectrum of available capacity, ensuring clients receive optimal outcomes in even the most challenging risk environments.
At Matrix, we continue to lead the way in helping clients manage evolving risks through creative insurance and reinsurance solutions, combining technical precision with a client-first approach.
“This transaction highlights Matrix’s commitment to delivering innovative solutions that genuinely respond to our clients’ needs. Traditional markets are under pressure in hurricane-prone regions, and parametric structures offer a more effective and transparent way to transfer risk.”
“At Matrix, our focus is always on helping clients build resilience through bespoke, creative solutions backed by trusted market capacity.”
