We are Trigger Parametric

Protect your assets and mitigate risks. With insurance that pays when specific events occur.
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Trigger is a specialist parametric (re)insurer with a global remit

We help businesses manage exposure to a wide range of natural and man-made perils, such as weather, wildfire, earthquake, disruption, disease, and crop yield.

Our policies pay out when a pre-defined event occurs. If a parameter is met or exceeded, you receive a payout.

We offer quick payments, transparent contracts, reliable counter-parties, and customisable coverage.

An aerial view of a busy port

Perils we cover

We specialise in writing bespoke cover for businesses looking to protect themselves from financial loss

Disruption events

Logistical delay, 3rd party disruption, digital supply chain, political risk.

Weather

Wind, hail, frost, precipitation, etc.

Malicious specialty

Terrorism, war, SR&CC, cyber, crime.

Natural perils

Earthquake, flood, fire, disease.

The Team

Managing Director

Dr Raveem Ismail

A (re)insurance veteran who always seeks to raise the bar for analytical underwriting and thoughtful solutions to complex client needs.

Previously, Head of Parametric Underwriting at ASR Re where he led new covers such as the inaugural Mozambique cyclone purchase backed by the World Bank.

Other roles include positions at Aon Benfield, Validus Group, Ariel Re (Bermuda). Prior to ASR he was CEO and CUO of Qomplx Underwriting Limited offering NDBI cyber + terrorism parametric products.

Raveem is a triple graduate of the University of Oxford

Director, Underwriting

Will Ormerod

An insurance and commodity markets professional, Will loves to spend time with clients understanding their risk problems and generating creative parametric based solutions.

Previously, Head of Underwriting at Stable, where he worked with a diverse range of food, agriculture, and energy businesses to understand their risks and structure parametric solutions.

Prior to moving to insurance, he was a trader at a large international commodity trade house and spent considerable time managing complex trade flow risks on the ground in Africa and the Middle East.

Will holds a degree from the University of Warwick

Parametric Underwriter

Ian Bishop

An experienced parametric underwriter, Ian's experience ranges across index structures in multiple geographies, including agricultural yield and weather programs, renewable photovoltaic and hydroelectric energy risks, and bespoke parametric covers.  ​

Recently a parametric underwriter at Africa Specialty Risks, he previously was COO at Qomplx Underwriting Limited, a UK MGA bringing innovative parametric cyber+terror product solutions to SMEs.

Ian spent a decade at a Big-4 Management Consultancy, covering (re)insurance, banking and capital markets, building technology solutions and delivering complex change and transformation programs.

Ian holds degrees from the University of Oxford and King’s College, London.​

Quant Researcher

Patrick Tear

Patrick is a quantitative researcher with an academic background in finance and economics coupled with advanced skills in Python programming. ​​

Most recently at Stable, Patrick built the Underwriting Desk’s risk modelling and portfolio framework, and the models to price exotic derivatives on commodities. He brings technical expertise in time series analysis and forecasting, sophisticated option hedging strategies, and applied machine learning.

​​Patrick has an MSc with Distinction in Finance, Technology & Policy from the University of Edinburgh, where his research thesis was sponsored by an investment research firm (>$15 trillion AUM).

Managing Director

Dr Raveem Ismail

A (re)insurance veteran who always seeks to raise the bar for analytical underwriting and thoughtful solutions to complex client needs.

Previously, Head of Parametric Underwriting at ASR Re where he led new covers such as the inaugural Mozambique cyclone purchase backed by the World Bank.

Other roles include positions at Aon Benfield, Validus Group, Ariel Re (Bermuda). Prior to ASR he was CEO and CUO of Qomplx Underwriting Limited offering NDBI cyber + terrorism parametric products.

Raveem is a triple graduate of the University of Oxford

Director, Underwriting

Will Ormerod

An insurance and commodity markets professional, Will loves to spend time with clients understanding their risk problems and generating creative parametric based solutions.

Previously, Head of Underwriting at Stable, where he worked with a diverse range of food, agriculture, and energy businesses to understand their risks and structure parametric solutions.

Prior to moving to insurance, he was a trader at a large international commodity trade house and spent considerable time managing complex trade flow risks on the ground in Africa and the Middle East.

Will holds a degree from the University of Warwick

Parametric Underwriter

Ian Bishop

An experienced parametric underwriter, Ian's experience ranges across index structures in multiple geographies, including agricultural yield and weather programs, renewable photovoltaic and hydroelectric energy risks, and bespoke parametric covers.  ​

Recently a parametric underwriter at Africa Specialty Risks, he previously was COO at Qomplx Underwriting Limited, a UK MGA bringing innovative parametric cyber+terror product solutions to SMEs.

Ian spent a decade at a Big-4 Management Consultancy, covering (re)insurance, banking and capital markets, building technology solutions and delivering complex change and transformation programs.

Ian holds degrees from the University of Oxford and King’s College, London.​

Quant Researcher

Patrick Tear

Patrick is a quantitative researcher with an academic background in finance and economics coupled with advanced skills in Python programming. ​​

Most recently at Stable, Patrick built the Underwriting Desk’s risk modelling and portfolio framework, and the models to price exotic derivatives on commodities. He brings technical expertise in time series analysis and forecasting, sophisticated option hedging strategies, and applied machine learning.

​​Patrick has an MSc with Distinction in Finance, Technology & Policy from the University of Edinburgh, where his research thesis was sponsored by an investment research firm (>$15 trillion AUM).

Advantages of Parametric Cover

Easy to Understand

Not limited to physical damage

Independent claim trigger

No loss adjustment

Immediate liquidity