We excited to announce the very first parametric insurance deal closed by the collaboration between CHAZ Insurance Brokers and Kairos Risk Solutions.

The client is a regional leader in offshore aquaculture that had challenges with reduced yields due to typhoon events. CHAZ offered a structured annual Cat-in-a-box typhoon cover that pays out based on severity from Category 2 to Category 5. This cover protects two separate locations in the South China Sea region.

“Interest in parametric insurance is growing steadily in Southeast Asia. The challenge would be to develop parametric solutions that are economically sensible while adequately addressing the risk exposure of clients” Jeffrey Khoo, CEO Kairos Risk Solutions.

CHAZ Brokers is an established Thailand based Insurance Broker with over a half a century of history. Kairos is a regional Risk Consultancy firm headquartered in Singapore.