Parametric insurance now key to business continuity; surging in Asia: Descartes’ Qin

Japan is not short of insurance capital. What it lacks is space on balance sheets for the country’s most systemic risks. That is the opportunity Descartes Underwriting is targeting with its new parametric earthquake product – filed with the regulator and launched recently in partnership with HDI Japan – which its newly-minted head of Asia-Pacific Ben Qin says is “selling like hot cakes”.