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.

Auction live

July Charlotte, NC

Pays $1,000 per trigger day after 6 days. Cap $5,000. Premium $1,642.59 buys exactly this line.

Seconds

$2,375$1,544

Amber tick is the published 1.50× stack at $1,663.57. Sealed bids are still landing.

Parametric contract

Fairtrigger

EQ-26-00091

auction

Paper Plane Festivals

July daily max temperature

Pays: $1,000; per trigger day
Attachment: 6; days, then it pays
Cap: $5,000; most this can pay

Pays $1,000 per day the high at Charlotte Douglas (USW00013881) reaches 95°F after the first 6 such days, in July. Cap $5,000.

Station: USW00013881
Threshold: ≥ 95 °F
Window: July

Premium for this line

$1,642.59

Expected loss $933.33. Fairness 99.

$1,642.59 is the premium for $1,000 per trigger day after 6 days, cap $5,000.

The contract follows the airport high, not the temperature in a tent or on a roof. A 94.9° day pays nothing.

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.

Expected loss$933.33
Mean of what this contract would have paid in the archive.
Risk load 1.48×$448.00
The amount above expected loss. The published load is 1.50×. Capital bids compete here.
Cost of collateral$33.97
8% a year on the cap, for 31 days.
Fronting fee$99.07
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$78.22
5% applied to premium including fees. Illustrative tax treatment.
Gross premium$1,642.59
What the buyer pays.
With 30 seasons, empirical 99% VaR is the worst season (2012). Read it as a stress, not a precise tail model.