A Parametric Approach to Disaster Recovery

As we look to the future, we need to find new ways of providing financial relief when accidents and disasters damage or destroy private and public property. This podcast looks at the parametric insurance model. Might it be a more efficient and effective way forward to compensate loss?

Examples of Parametric Policies:
NYC MTA: https://www.artemis.bm/news/new-york-mta-seeks-metrocat-re-parametric-storm-surge-cat-bond-renewal/
Caribbean reef: https://oceanriskalliance.org/news/from-risk-to-resilience-a-blueprint-for-reef-positive-parametric-insurance/
Jamaica hurricane parametric policy: https://www.worldbank.org/en/news/press-release/2025/11/07/hurricane-melissa-triggers-100-payout-of-150-million-world-bank-catastrophe-bond-for-jamaica

Jasper Cooke is a people-centric leader with fifteen years of experience in emergency management. His career includes significant depth in strategy development and implementation, grant management, and community resilience. At WSP, Jasper has leadership roles on multiple projects and is focused on WSP growing the emergency management and resilience business at all levels of government. Prior to WSP, Jasper led first the Hazard Mitigation and then the Recovery Sections for the Texas Division of Emergency Management (TDEM) from 2021 to 2023. In each role, he led a statewide team of 40-50 staff managing billions in federal grants. Prior to TDEM, Jasper worked at FEMA, most recently leading the Office of the National Advisory Council where he supported four FEMA Administrators with strategy and program implementation.

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