Parametric Insurance for Fast Recovery
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
of BH FastCAT.
Contact Us to receive example materials and to start a discussion on how BH FastCAT can work for your organization.
Akshay Gupta
Senior Vice President
Catastrophe and Analytics
Catastrophe and Analytics