As extreme weather escalates in a changing climate, protection has not kept pace – until now
Climate Change is Disrupting Insurance
Traditional insurance options for severe weather focus on the damages from catastrophic events like hurricanes but ignore less severe, higher frequency extreme weather events like heat waves, droughts, and storms. As a technology-enabled MGA, Demex uniquely addresses this gap. Demex’s groundbreaking approach to non-catastrophic weather risk management uses customer data to quantify and transfer unique financial risks for insurers and corporates.
Demex Reshapes the Market
Retained Climate Risk Reinsurance (RCR)
Demex RCR is a first-of-its-kind layer of protection for insurers. Policies cover the risks of non-catastrophic, higher-frequency weather events that typically occur within the retention layer. These events now are occurring five times more frequently than they were in the 1980s. Demex RCR supplements traditional reinsurance programs to minimize underwriting losses for insurers.
Case Study in Retained Climate Risk Reinsurance
Operational Climate Risk Coverage (OCR)
High-frequency extreme weather events like heavy rainfall, snowfall, and extreme temperatures also lead to unexpected out-of-pocket costs and lost revenue for many businesses. Demex OCR provides budget stability for customers vulnerable to increasingly volatile weather.
Case Study in Operational Climate Risk Coverage
Partners
Our partners include leaders in insurance, brokerage, reinsurance, and capital markets. Working with these partners, Demex delivers innovative end-to-end risk management solutions, from analyzing to transferring clients’ climate-related risk.
Stats
CostIncrease
500%
in U.S. non-catastrophic extreme weather since 1980
– NOAA
Heat andDrought
$9.3 B
economic losses in the U.S. in 2022
– NOAA
WinterStorms
$25.2 B
economic losses in February 2021 cold snap and winter storm
– NOAA
GlobalInputs
22 M
to Demex OCR
IncreasedFrequency
5-fold
of U.S. non-catastrophic extreme weather events since 1980
– NOAA
Heat andDrought
$75.7 B
economic losses in the U.S. from 2012-2022
– NOAA
WinterStorms
$35.4 B
economic losses in the U.S. economic loss from 2012-2022
– NOAA
GlobalInputs
4.1 M
to Demex RCR Severe Storm Supplemental Coverage
SevereStorms
$18.9 B
economic losses in the U.S. in 2022
– NOAA
HeavyRain
$1.2 B
economic losses in the U.S. in 2022
– NOAA
Custom FinancialInstruments
1 B
designed by Demex tech
Risk ScenariosPer Second
2,400
computed by Demex tech
SevereStorms
$206.3 B
economic losses in the U.S. from 2012-2022
– NOAA
HeavyRain
$60.4 B
economic losses in the U.S. from 2012-2022
– NOAA
Custom FinancialInstruments
19 M
priced by integrating client data through Demex tech
Severe StormCoverage