Index Classes

Independent, index-based risk transfer solutions designed for volatility, capital efficiency, and peak-peril exposure.

Our team provides independent, specialist advice across index‑based reinsurance solutions, including industry loss warranties (ILWs), parametric structures, and other non‑indemnity risk transfer mechanisms. We work with cedants, reinsurers, and capital providers to design solutions that manage volatility, enhance capital efficiency, and address peak‑peril exposure through clearly defined triggers based on third‑party indices or event parameters.

Our approach is grounded in structure‑first thinking. We align trigger design, attachment points, and payout mechanics precisely to each client’s risk objectives, rather than applying standardised products. By tailoring solutions to portfolio needs and risk appetite, we deploy index‑based protection as a deliberate and effective component of broader risk and capital strategy.

We advise across the full lifecycle of index‑based placements, from structuring and market engagement through execution and post‑event analysis. This includes traditional ILW transactions alongside bespoke parametric solutions designed to complement conventional reinsurance programmes or provide targeted protection where indemnity cover may be constrained. Operating independently of proprietary models or balance‑sheet interests, we provide a transparent route to global capacity across reinsurance, retrocession, and alternative capital markets.

As index‑based risk transfer continues to evolve, we focus on practical innovation, clarity of trigger design, and disciplined basis‑risk management. Our team combines deep market experience with a strong understanding of how index solutions interact with catastrophe reinsurance, structured risk transfer, and capital markets; enabling clients to deploy these tools with confidence.

What We Do

Industry Loss Warranties (ILWs)

We advise on the structuring, placement, and execution of ILW transactions across global peak perils. Our focus is on attachment calibration, trigger selection, and market engagement to ensure ILWs deliver effective protection and capital efficiency as part of a wider reinsurance programme.

Parametric Solutions

We design bespoke parametric structures using clearly defined physical or industry‑based triggers. These solutions are tailored to specific risk scenarios and are often deployed to address gaps in indemnity coverage, support rapid liquidity, or manage basis risk alongside traditional reinsurance.

Why This Market Matters

Index‑based reinsurance plays an increasingly important role in managing volatility, accessing alternative capital, and addressing capacity constraints in peak‑peril and specialty markets. For cedants and capital providers, the ability to access global capacity efficiently, with clarity of trigger and speed of payout, is a strategic priority. Price Forbes Re’s Index Classes capability provides direct access to the global ILW, retrocession, and alternative capital markets. Our independent positioning, technical expertise, and close alignment with reinsurance and capital markets allow us to deliver objective advice and effective execution across jurisdictions and market cycles.