Parametric

Hannover Re sponsors first-ever cloud outage cat bond

April 16 2024

US$13.75m Cumulus Re is modelled by Parametrix and uses a parametric trigger to protect Hannover Re against cloud outage loss accumulation in its cyber portfolio.

Cyber insurers eye parametric opportunities in APAC

March 28 2024

The challenge is not a lack of data. It’s how that data should be interpreted.

Zurich and Klook partner on embedded, parametric travel delay product

March 22 2024

Partnership, in conjunction with insurtech Blink, offers instant lounge access upon trigger of a flight delay.

Lloyd's, UNCDF launch parametric insurance workshops in Pacific Islands

March 19 2024

PNG and Fiji workshops follow MOU signed in Sep 2023 and will help support local development of parametric insurance for regional insurers, reinsurers, and central banks.

Insurers seek to balance short-term and long-term fixes to Australia’s affordability crisis

March 12 2024

Long-term solutions can be costly but quick fixes should not be allowed to eclipse them.

descartes-underwriting-receives-japanese-licence

MGA Descartes Underwriting secures broker registration in Japan

March 7 2024

Registration will help MGA enhance awareness and presence of parametric solutions in Japan.

Parametric agriculture insurance faces distribution hurdles in Asia

February 21 2024

Indemnity insurance fraud and problems with the bancassurance model mean creative approaches to distributing parametric insurance are needed.

mic-global-and-wrms-to-launch-parametric-microinsurance-flood-product-india

MIC Global and WRMS to launch parametric microinsurance flood product in India

February 15 2024

MiIncome Flood Resilience is a loss of income product designed to help protect India's merchants and gig workers.

Munich Re launches global parametric risk unit

February 6 2024

German reinsurer launches dedicated unit to meet growth in the 'highly dynamic' parametric market.

wtw-insurance-holdings-pcric-launch-first-fiji-reef-parametric-cover

WTW, Insurance Holdings, PCRIC launch Fiji parametric cover

February 5 2024

Policy is first parametric solution to include Fiji's coral reefs and provides cover up to US$450,000 for reef repair and community aid in the event of a cyclone.

Lao PDR renews parametric flood cover with SEADRIF

February 5 2024

Renewed policy doubles number of flood level triggers to four.

Oneglobal and Floodbase partner to develop parametric flood programs for Asia

December 7 2023

Partnership fostered at Lloyd's lab aims to reduce flood exposure across Asia.

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