CatX, the digital insurance and reinsurance marketplace backed by Silicon Valley investors Y Combinator, has launched an artificial intelligence-powered parametric platform on its Bermudian-based regulated trading entity.

CatX Ltd is licensed by the Bermuda Monetary Authority in the innovative intermediary category.

London-based CatX Global Inc, the organisation’s holding company, said the CatamaranParametric.com platform “represents a groundbreaking approach to parametric insurance, leveraging advanced artificial intelligence to guide users through a comprehensive risk management journey”.

The company added: “Designed to simplify the complex world of parametric protection, Catamaran Parametric guides users of any experience level step-by-step through risk identification and analysis.

“From initial risk exploration to final protection structure, the platform transforms what was once a manual, time-consuming process into an intuitive, data-driven experience.

“Users can now generate powerful risk reports, explore multiple protection scenarios, and connect with appropriate market providers — all through an AI-powered, user-friendly interface.”

Benedict Altier, chief executive at CatX, said: “Parametric insurance has tremendous potential, but modelling complexity has been a significant barrier to entry.

“Our platform breaks down those barriers, making sophisticated risk analysis accessible to both seasoned professionals and those new to parametric protection.”

The company said Catamaran Parametric introduces four core innovations: a comprehensive risk assessment, an intuitive protection builder, seamless market access, and a role-optimised interface.

“Our technology sets a new standard in parametric exploration,” said Lucas Schneider, chief technology officer at CatX.

“Leading brokers have already licensed our platform, validating our approach to reducing manual efforts while enhancing analytical precision. We are also committed to building in public by sharing key parametric features through an open-access platform.”

The company said the platform’s ability to facilitate shorter cover periods, simplified modelling, and faster capital deployment makes it especially attractive to new entrants in the insurance-linked securities space.

Catamaran Parametric also offers a “parametric health check”, a comprehensive risk assessment that it says enables protection buyers to generate powerful, detailed risk reports tailored to their specific risk types.

CatX said: “This feature provides organisations with a 360-degree view of their risk landscape, uncovering insights that traditional assessment methods might miss.”

The company said the platform will also support the new generation of investors specifically interested in deploying capital into parametric opportunities, which it says is the most sought-after structure on the main CatX platform.

Founded in 2023, CatX is a regulated, digital market for insurance risk helping institutional investors access high-return opportunities in insurance, reinsurance, and retrocession.

CatX is backed by Y Combinator and Lloyd’s Lab and connects insurers with capital from more than 50 funds managing more than $600 billion in assets.