Two world firsts in Guernsey's insurance sector demonstrate
how the island's expertise and regulatory regime allow
innovation to flourish while still meeting current international
standards.
Guernsey was the domicile of choice as Paratus Group launched
the world's first parametric fuel price insurer, and also by
Replexus, which used a Guernsey ILS structure for the world's
first catastrophe bond covering pure volcanic eruption.
These, and Guernsey's ILS sector and its connection with
capital markets, will be discussed at WE ARE GUERNSEY's 2021
ILS Insight webinar, The Origin of Innovation, which takes place
next week.
Paratus Maritime Insurance Limited (PMIL) was launched to create
price certainty, allowing policy holders to manage volatility while
complying with new rules to limit sulphur in fuel oil on ships and
a scheme to facilitate carbon neutral growth.
