Evex is working with the re/insurance industry to modernize and expand the $230B-per-year natural disaster insurance market.
We are a CFTC futures exchange in formation that will be offering parametric futures contracts on natural disasters such as hurricanes, severe storms, flooding, droughts and earthquakes (“Parametric CAT Futures”).
We will facilitate risk transfer among the insurance industry and to investors through the trading of Parametric CAT Futures on a fully registered, transparent exchange. Parametric CAT Futures are industry designed, low cost, fast pay and remove counterparty credit risk. Evex will compliment and augment the existing re/insurance market structure, lower friction and permit access to new investors who are seeking uncorrelated return (hedge funds, pension funds, and family offices).
Evex will initially offer parametric CAT Futures on hurricanes, earthquakes and floods. We hope to have additional parametric CAT Futures on wild fires, tornadoes, and droughts by 2022. The initial parametric CAT Futures will focus on natural disasters in the United States. Depending upon industry and market participant demand, we will expand parametric CAT Futures offerings for natural disasters occurring in the Caribbean, Japan, Central and South America and Europe.
We expect to launch Parametric CAT Futures for trading in late 2021 following CFTC approval.
For access to Evex products and services please contact join@joinevex.com.
If you are interested in partnering with us please contact partners@joinevex.com