Bermuda Moves Toward a New Parametric Insurer Class

The Bermuda Monetary Authority is targeting a fourth-quarter 2026 rollout of a Parametric Special Purpose Insurer class, and says it will judge contracts by the substance of the risk transfer, not their form.

The Bermuda Monetary Authority is targeting a fourth-quarter 2026 rollout of a Parametric Special Purpose Insurer class, and on September 17 confirmed it will judge contracts by the substance of the risk transfer rather than their contractual form.

Parametric cover pays out on a measured trigger such as wind speed. A Bermuda-regulated class for it speaks straight to how a hurricane-exposed region prices disaster risk.

Source: Artemis.bm (September 17, 2026).