The digital marketplace for insurance risk
CatX is a digital marketplace connecting insurance carriers with institutional investors to trade and transfer insurance risk efficiently. We help to make insurance risk models understandable and accessible for asset managers so they can unlock new sources of returns. In addition, we streamline and digitalize the entire risk transfer process, so insurers can get faster, cheaper access to capital from our partner funds.
Latest News
Active Founders
Benedict Altier
Benedict has advised more than 10 leading insurers and asset managers working across insurance, reinsurance, and risk modeling. He is also a front-end developer with a decade's worth of experience designing and building web applications. He graduated with a 1st class degree in Chinese Studies from the University of Oxford. As a visiting student at Peking University, he advised leading Chinese technology companies including a spin-out from Baidu.
Lucas Schneider
Building CatX to revolutionize risk transfer for insurers. Bringing my expertise in financial markets and investing to the insurance world. Started my career in Credit Securitisation at Barclays in London where I structured and executed multiple transactions in excess of $10bn+ in value. Oxford PhD Candidate in Machine Learning for Gene Editing. Previously, leading the research team at a web3 hedge fund, focusing on infrastructure and decentralized finance investments.
Company Launches
CatX is a digital marketplace connecting insurance carriers with institutional investors to trade and transfer insurance risk efficiently. We help to make insurance risk models understandable and accessible for asset managers so they can unlock new sources of return. In addition, we streamline and digitalize the entire risk transfer process, so insurers can get faster, cheaper access to capital from our partner funds.
❌ The Problems:
- Rising hedging and funding costs for insurers, US property rates are up 265% over a six-year period
- Highly inefficient risk transfer markets, with average cost ratios of 40% remaining largely unchanged despite recent technological advancements
- Slow and expensive set-up and structuring processes when issuing new insurance-linked products, involving multiple parties
- Little secondary market liquidity for insurance-linked securities due to their complex economics and limited availability of risk models
- Poor analytics or data-drive insights for understanding novel areas of risks
💡Our Solution
CatX addresses these challenges by simplifying the market and providing access to world’s most advanced modeling technologies directly within our platform. In addition, we streamline the origination process, including legal setup and pricing, and offer an electronic secondary trading venue coupled with sophisticated analytics.
CatX helps:
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Insurers to access capital at better rates through direct capital markets access,
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Investors to unlock new investment opportunities in an uncorrelated asset class,
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Protection buyers find more efficient structures to offload risks, reducing the protection gap for novel and emerging risks.
🙏Our Ask
Connect us with
- Investors interested in accessing new sources of uncorrelated returns,
- (Re)insurers looking for access to more flexible capital at better rates,
- Businesses looking to more efficiently transfer risks (property, weather, energy, cyber)
- Risk model providers seeking new distribution opportunities.
✉️ Contact
If you have any questions or suggestions, feel free to reach out to Ben or Lucas directly or email founders@catxglobal.com.