In a world where risks are becoming increasingly complex, the importance to complement traditional insurance products with the best possible solutions for Alternative Risk Transfer (ART) is gaining momentum. HDI Global offers some of these solutions via HDI Enablers, the globally operating dedicated unit specialising in Risk Finance, founded in August 2022. Following the successful development of HDI Enablers and the growing demand for structured and parametric (re)insurance solutions, HDI Global now integrates Risk Finance on Board level in the department of Dr Dirk Höring, already responsible for Property, Marine, and Engineering Insurance as well as HDI Risk Consulting.
HDI Enablers is headed by Eric Joly-Pottuz, an experienced expert in the field of Alternative Risk Transfer. Since the start in August 2022, the unit steadily refined its products and developed successfully. “The mission was to enhance our product offering with robust and flexible solutions that closely align with our clients’ risks and unlock new possibilities for them”, says Joly-Pottuz. In the meantime, HDI Enablers has become an established player and a specialised division for innovative risk financing solutions in the European market. Just recently, HDI Enablers added two new executives to its team to further develop the unit and to meet the clients’ demand for tailor-made structured and parametric (re)insurance solutions.
On the successful development of HDI Enablers now follows the strategic integration of the Risk Finance Department on Executive Board level. Going forward, Risk Finance will be among the responsibilities of Dr Dirk Höring. “Integrating Risk Finance Solutions into our service portfolio reflects our commitment to being a trusted Partner in Transformation to our clients. We deliver comprehensive, forward-looking strategies to help organizations navigate complex risk landscapes and build long-term resilience. In today’s environment of increasing volatility, it’s not the absence of loss events that defines exposure – it’s the understanding of risk and the ability to respond effectively. Risk finance and captive solutions play a vital role in enabling that preparedness and protection”, says Dr Höring.
HDI Enablers’ product offering includes smoothing or self-insurance layers (“Virtual Captives”), captive stop loss, parametric (re)insurance and ART Affinity. Such structured and parametric (re)insurance solutions also efficiently interact with corporations’ captives. In this way, HDI Global is addressing the growing demand among companies for flexible and effective risk management tools and helping customers to develop solutions to current challenges that have not yet been addressed by the market.
The latest example for an innovative solution around parametric coverage is the collaboration of HDI Global and Descartes Underwriting to develop a new parametric earthquake coverage for the Japanese market.