The global insurance market saw less volatility at the January 1 renewals with many areas seeing rate increases easing off to single or low double-digit hikes after five years of a continuous hard market. While some areas have observed improved pricing conditions, coverage, and capacity there are exceptions for natural catastrophe (NatCat) exposed projects and projects/risks and renewable programs with poor claims experience. These projects still experience rate increases in the double digits and in some cases capacity is becoming less available. When faced with steep price increases and coverage gaps in the traditional market space construction risk managers are increasingly seeking alternative transfer solutions such as parametric solutions and captives. This session reflects on the trends within the NatCat market and the types of alternative solutions available, the journey of structuring them and the various ways they can be deployed to meet modern day risks.