PERILS’ products support a wide range of portfolio and risk management functions including:
- measuring a company’s exposure or event loss data against the PERILS industry benchmark
- designing adequate insurance, reinsurance, retrocession, or capital markets protections
- assessing the risk of industry loss-based risk transactions
- designing custom-made coverage triggers to minimize the basis risk of ILS or ILW protections
As such, the PERILS products are relevant for insurers, reinsurers, ILS/ILW investment funds, intermediaries, risk assessors, claims managers, regulators, rating agencies, scientific institutions and other related organizations and bodies.