In late July, Dan Reynolds, the editor-in-chief of Risk & Insurance, caught up with Bill Clark, the CEO of the Demex Group. What follows is a transcript of that discussion, edited for length and clarity.
Risk & Insurance: Nice to meet you, Bill. What is Demex’s business model, and where do you fit into the insurance ecosystem?
Bill Clark: Demex operates as a calculation agent within the reinsurance industry, positioned between reinsurance providers and insurance companies who purchase reinsurance, working with reinsurance brokers who are looking for solutions for their clients. Our proprietary modeling capabilities enable a new type of reinsurance to come to market, specifically parametric reinsurance policies.