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

June Atlanta, GA

Pays $1,500 per trigger day after 2 days. Cap $7,500. Premium $313.51 buys exactly this line.

Cleared

$332$260

Amber tick is the published 1.50× stack at $276.43. Winner is $37.08 rich to that stack.

Ironwood Capacity
Pass
Ironwood Capacity does not write Shipment delay.
pass · trust 99
Lantern Re
Pass
Lantern Re does not write Shipment delay.
pass · trust 99
Northglass Capital
Pass
Northglass Capital does not write Shipment delay.
pass · trust 92
Sable Index Desk
$313.511.83×
Sable Index Desk bids $313.51 at 1.83× expected loss. Clean parametric triggers. Archive data is priced tighter than preview series.
bid · trust 99
Cumberland Specialists
Pass
Cumberland Specialists does not write Shipment delay.
pass · trust 99
Kiln & Harbor
Pass
Kiln & Harbor does not write Shipment delay.
pass · trust 99

Parametric contract

Fairtrigger

EQ-26-00071

bound

Southline Cartage

June lane delay hours

Pays: $1,500; per trigger day
Attachment: 2; days, then it pays
Cap: $7,500; most this can pay

Pays $1,500 per day the lane's delay reaches 3 hours after the first 2 such days, in June. Cap $7,500. Priced on a labeled preview series, not a public archive.

Station: Illustrative lane model
Threshold: ≥ 3 delay hours
Window: June

Premium for this line

$313.51

Expected loss $100.00. Fairness 78.

$313.51 is the premium for $1,500 per trigger day after 2 days, cap $7,500.

Preview series: a modeled delay-hour path for a fictional lane. It is not an airline, an airport, or a BTS extract. The math is real. The history is not.

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.

Allowed by the mandate.

Inside the mandate.

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

Demo bind. Collateral is locked on the demo ledger. The trigger watches the archive from here.

Demo escrow locked · $7,500 moved from capital cash · no real funds

Expected loss$100.00
Mean of what this contract would have paid in the archive.
Risk load 1.83×$83.00
The amount above expected loss. The published load is 1.50×. Capital bids compete here.
Cost of collateral$49.32
8% a year on the cap, for 30 days.
Fronting fee$16.26
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$14.93
5% applied to premium including fees. Illustrative tax treatment.
Gross premium$313.51
What the buyer pays.
With 30 seasons, empirical 99% VaR is the worst season (1998). Read it as a stress, not a precise tail model.