Veritas Insure Information

Veritas publishes the independent reference price for catastrophe risk. We start with industry loss warranties (ILWs) on US hurricane. These are standard contracts that pay on the industry-wide loss published by Index providers. Today they have no published price between inception and settlement. So funds can’t mark them independently, lenders can’t finance them, and outside capital can’t trade them. Veritas publishes a weekly value for five standard strikes (USD 20, 30, 50, 75 and 100bn). The price starts from a model anchor, It is then refined by contributed quotes and, when they exist, by trades. Each value carries a flag showing what it rests on: trades, quotes, the model, or event mode when a storm is live. Who uses it: Independent valuers, administrators and auditors who need a documented source between quarterly valuations ILS funds that report to investors Lenders who need a mark to size and monitor a facility What we don’t do: Veritas takes no risk, places no business and lends nothing. Neutrality is the product. Next: the same method for new risks, starting with cyber and data-centre outages. Published methodology. Independent oversight.