Parametric

Tonga officials receive a cheque from Bank South Pacific for drought relief funds.

PCRIC releases further payout to Tonga as drought conditions persist

August 6 2026

The US$34k payment will support drought preparedness in Ha'apai and Tongatapu under the country’s parametric cover, backed by GSSP.

Modern cityscape with tall buildings near GIFT City, India, at sunset.

EarthRe secures IFSCA licence, becomes GIFT City's first incorporated reinsurer

August 6 2026

The technology-led start-up will underwrite natural catastrophe, climate, property, crop and specialty risk.

SEADRIF appoints Felicia Khoo as strategic development lead

August 3 2026

She joins after over two years with Swiss Re, where she was senior regulatory risk manager and vice-president.

SEADRIF taps Munich Re executive Xinmei Zheng for COO role

July 29 2026

Zheng brings nearly two decades of (re)insurance experience spanning underwriting, risk solutions and regional market development.

Busy airport check-in area with a large electronic flight information board above and crowds queuing at counters, Taiwan Taoyuan International Airport signage visible.

Cathay Life adds Collinson's parametric flight delay cover in Taiwan

July 29 2026

The deal follows SmartDelay tie-ups with Ping An Hong Kong and Sompo in Singapore, China and Malaysia.

PCRIC appoints Praneel Pritesh as business development advisor

July 23 2026

He brings more than 17 years of experience spanning government, international development and financial services across the Pacific.

Close-up map highlighting the island nation of Tonga with two red pushpins nearby.

Tonga's expanded drought policy triggers PCRIC payout after Niua rainfall shortfall

July 7 2026

It marks the country's second payout from the regional insurer, and the first under drought cover it added only at this year's renewal.

Three young women walk along a busy street with pink scarves draped over their heads; one looks down at a phone while the others adjust their scarves as cars pass by in the background.

Parametric heat insurance triggers payouts for over 39,000 women workers in India

July 3 2026

A total of ₹2.06m (US$21,700) was paid to insured women workers across Gujarat and Delhi.

vision-insurance-placements-gains-lloyds-coverholder-status

Descartes gains Lloyd's coverholder status via OAK Global partnership

June 16 2026

The tie-up allows Descartes to scale parametric insurance offerings at Lloyd’s, targeting climate and emerging technology risks.

seadrif-launches-first-anticipatory-drought-insurance-pilot-in-laos

SEADRIF, UN's FAO launch anticipatory drought insurance pilot in Laos

May 29 2026

As mainland Southeast Asia braces for a potential return of El Niño in 2026–27, SEADRIF and the FAO have rolled out an index-triggered drought insurance pilot in Laos.

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