CatX launches AI-powered parametric platform

CatX, the digital marketplace connecting re/insurers and brokers with alternative capital, has launched Catamaran Parametric, a new AI-powered platform designed to simplify parametric protection.

The platform leverages artificial intelligence (AI) to guide users through a comprehensive risk management process, transforming a traditionally manual, time-consuming task into an intuitive, data-driven experience.

Catamaran Parametric supports users of all experience levels, walking them through each step of risk identification and analysis—from initial exploration to the final protection structure.

Through an AI-powered, user-friendly interface, users can generate detailed risk reports, explore protection scenarios, and connect with relevant market providers.

Benedict Altier, Chief Executive Officer at CatX, said, “Parametric insurance has tremendous potential, but modelling complexity has been a significant barrier to entry.

“Our platform breaks down those barriers, making sophisticated risk analysis accessible to both seasoned professionals and those new to parametric protection.”

CatX highlights four core features of Catamaran Parametric: comprehensive risk assessment, an intuitive protection builder, seamless market access, and a role-optimised interface.

Since its initial release as a standalone offering in May, Catamaran has gained significant traction among reinsurers, funds, and brokers. It complements CatX’s existing partnerships with insurance modeling companies, equipping new ILS investors with robust submission and risk analysis capabilities.

Its launch comes at a time of growing demand for parametric solutions, driven by rising traditional insurance costs. By enabling shorter cover periods, simplified modeling, and faster capital deployment, the platform is particularly appealing to new entrants in the insurance-linked securities space.

Catamaran Parametric also introduces a unique “Parametric Health Check”—a comprehensive risk assessment tool that helps protection buyers generate detailed risk reports tailored to their specific risk profiles. This feature provides organisations with a 360-degree view of their risk landscape, uncovering insights that traditional assessment methods might overlook.

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