US EditionLiberty, Safehub Launch ShakeNet Parametric
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Liberty, Safehub Launch ShakeNet Parametric
Liberty Mutual Reinsurance and Safehub have launched ShakeNet Parametric, a next-generation earthquake insurance solution powered by advanced seismic data. A spokesperson said, “Liberty Mutual Reinsurance [LM Re], part of Liberty Mutual Insurance Group, and Safehub, a leading provider of seismic sensor and risk management technology, today announced the launch of ShakeNet Parametric — a next-generation […]
Liberty Mutual Reinsurance (LM Re) has developed a parametric earthquake product together with the technology company Safehub. The solution called ShakeNet Parametric is based on highly regionalised shock data and is intended to better link payments after earthquakes to actual damage. The article Liberty Mutual and Safehub launch parametric earthquake product first appeared on insurance industry today.
Liberty Mutual Re and Safehub launch earthquake parametric insurance solution
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, and Safehub, a provider of seismic sensor and risk management technology, have launched ShakeNet Parametric, an earthquake parametric insurance solution. The move builds on LM Re’s 2024 exclusive partnership with Safehub, which aimed to deliver a building-specific, sensor-based parametric earthquake re/insurance product to global clients. ShakeNet Parametric, supported b…
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