BH FastCAT is a hybrid parametric risk product featuring a parametric trigger paired with a minimum ground up loss threshold of 20% of the applicable structure payout.
Individual Peril Basis Global coverage for Earthquake and Named Windstorm perils.
Up to 3 Year Policy Long term policy with fixed annual pricing.
Parametric Trigger NHC reporting on central pressure or windspeed,
and USGS reporting on magnitude or local intensity.
Speed and Predictability of Payment Payment within 30 days of triggers being met.
Non-traditional and Flexible Coverage Can complement traditional programs where the market excludes certain types of coverages, enforces large deductibles, or can not provide enough capacity.
Customized Structuring and Integration Our catastrophe evaluation team is directly
available to answer questions about
structuring and any other analytical aspects
Contact Us to receive example materials and to start a discussion on how FastCAT can work for your organization.
Senior Vice President
Catastrophe and Analytics
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