This demo keeps the book in memory. A new server starts from the seed, so a bind here does not survive a cold start. Set DATABASE_URL to a free Postgres database to keep it.

Demo book. These companies are fictional and this session is not your account. Sign in from Offload risk or Take on risk to keep an organization.

Demo — not an offer of insurance. Contracts will be issued by a licensed carrier.

Cleared

March Chattanooga, TN

Pays $2,500 per trigger day after 7 days. Cap $10,000. Premium $267.40 buys exactly this line.

Cleared

$340$213

Amber tick is the published 1.50× stack at $269.28. Winner is $1.88 inside that stack.

Ironwood Capacity
$320.762.05×
Ironwood Capacity bids $320.76 at 2.05× expected loss. Pays up for the tail. Does not chase flow.
bid · trust 99
Lantern Re
$280.511.62×
Lantern Re bids $280.51 at 1.62× expected loss. Southeast weather. Preview series are priced wider.
bid · trust 99
Northglass Capital
$226.721.50×
Northglass Capital can write $4,400 of the $10,000 line. Chattanooga, TN March Rain days exposure is $28,000 against a $32,400 bucket.
partial · $4,400 line · trust 92
Sable Index Desk
$267.401.48×
Sable Index Desk bids $267.40 at 1.48× expected loss. Clean parametric triggers. Archive data is priced tighter than preview series.
bid · trust 99
Cumberland Specialists
$287.991.70×
Cumberland Specialists bids $287.99 at 1.70× expected loss. Tennessee construction weather. Stays inside the state.
bid · trust 99
Kiln & Harbor
$295.491.78×
Kiln & Harbor bids $295.49 at 1.78× expected loss. Events and farms. Heat, freeze, and rain.
bid · trust 99

Parametric contract

Fairtrigger

EQ-26-00088

pending approval

Ridgeline Builders

March daily precipitation

Pays: $2,500; per trigger day
Attachment: 7; days, then it pays
Cap: $10,000; most this can pay

Pays $2,500 per day Chattanooga Lovell Field (USW00013882) records at least 0.5 in of precipitation, after the first 7 such days, in March. Cap $10,000.

Station: USW00013882
Threshold: ≥ 0.5 in
Window: March

Premium for this line

$267.40

Expected loss $83.33. Fairness 99.

$267.40 is the premium for $2,500 per trigger day after 7 days, cap $10,000.

A day at 0.5 in pays the same as a washout, and a day just under it pays nothing. The series is reanalysis at Chattanooga Lovell Field (USW00013882), so a storm that soaked the job and missed the airport is basis risk.

Licensed counterparty

Exchange partner — pending assignment. Fairtrigger does not insure this contract.

Demo — not an offer of insurance. Contracts will be issued by a licensed carrier.

A person has to say yes.

Premium $267.40 is above the $200 ask-me line. A person has to say yes.

Demo — not an offer of insurance. Contracts will be issued by a licensed carrier.

Expected loss$83.33
Mean of what this contract would have paid in the archive.
Risk load 1.48×$40.00
The amount above expected loss. The published load is 1.50×. Capital bids compete here.
Cost of collateral$67.95
8% a year on the cap, for 31 days.
Fronting fee$13.39
7% of the risk price, for the licensed counterparty slot.
Technology fee$50.00
Flat fee for the technology layer. Not a percentage of the premium, and not revenue from taking the risk.
TN surplus lines tax$12.73
5% applied to premium including fees. Illustrative tax treatment.
Gross premium$267.40
What the buyer pays.
With 30 seasons, empirical 99% VaR is the worst season (2021). Read it as a stress, not a precise tail model.

A person can open the approval.