Management Consulting

A technology firm faced significant challenges in obtaining business interruption coverage from traditional property insurance markets due to its unique exposure to tornado risks and highly concentrated operations. The traditional market's limitations left the firm vulnerable, unable to secure adequate protection against potential disruptions. To address this issue, the broker collaborated closely with the client to design a parametric tornado coverage solution. This innovative approach provided the client with an alternative source of capacity and risk transfer that was previously unavailable through conventional insurance channels. In another case, a coastal municipality expressed concerns regarding the sub-limits of its traditional property policy, which had severely restricted recovery efforts following a recent hurricane. The municipality sought a solution that would enhance its financial resilience in the face of natural disasters. The broker responded by creating a tailored parametric hurricane policy that not only topped up the debris removal sub-limits but also allocated funds to address beach erosion issues that were not covered by the U.S. Federal Emergency Management Agency. As a result, the municipality experienced a reduced risk burden on its already constrained budget, alleviating the financial pressure on taxpayers and enabling a more efficient allocation of capital for recovery efforts.