Parametric

cop28-agreement-on-loss-and-damage-fund-paves-way-to-firm-up-insurance-mechanics

COP28 agreement on 'loss and damage' fund paves way for insurance contributions

December 1 2023

President of COP28, Sultan Al Jaber, announces operationalisation of US$400m fund, with insurers set to play their part.

Asian Development Bank moots disaster relief ILS for Central Asian states

December 1 2023

ADB considering establishment of risk facility in Hong Kong, Kazakhstan, Singapore, or Labuan, which aims to manage nat cat impacts for 11 CAREC member nations.

Insurers look to parametric solutions to play role in new loss and damage fund

November 30 2023

Ahead of COP28, the industry shares some thought on what role insurance can play in disaster relief funding.

Pacific Islands face Nat Cat losses of over 100% of GDP by 2050

November 28 2023

Pacific Small Island Developing States could face financial losses from natural disasters surpassing 100% of GDP by mid-century — making a strong case for innovative insurance solutions.

tower-partners-with-celsiuspro-to-enhance-parametric-offering

Tower partners with CelsiusPro to enhance Pacific parametric offering

November 24 2023

Tower partners with CelsiusPro to enhance the technological infrastructure supporting their Cyclone Response Cover, a parametric insurance offering.

UNCDF announces expansion of Fiji parametric cover

November 3 2023

Supported by funding from India, the multi-agency project seeks to double the parametric coverage of the initiative first launched in 2021.

ag-guard-and-floodbase-partner-for-2024-launch-of-parametric-flood-cover-in-australia-and-new-zealand

Ag Guard and Floodbase partner on ANZ parametric flood cover

November 2 2023

The products are aimed primarily at agricultural risk and will be launched in 2024,

howden-climate-parametrics-unit-specialising-in-climate-related-risks

Howden taps into potential of parametric solutions with launch of new climate-focused unit

October 17 2023

Howden Climate Parametrics will focus on climate-related risks, with the 30-person team led by Rowan Douglas and Philipp Kusche.

Nat Cats elevate loss ratios in India's property insurance, but new products and legislation poised to drive growth

August 4 2023

Global Data expects nearly 11% CAGR from 2023 to 2027, but loss ratio is still expected to rise in the coming years.

Shielding Asia Pac's future: The rise of parametric insurance and its battle against nature's wrath

August 2 2023

Demand for parametric insurance is increasing, but challenges remain.

wtw-launches-4-peril-parametric-insurance-for-the-aquaculture-sector-in-remote-areas-of-sri-lanka-1

WTW and AXA Climate launch 4-peril parametric cover for Sri Lanka's aquaculture sector

July 12 2023

The cover will help protect Sri Lanka's largest seafood company from four key weather risks: earthquakes, typhoons, excess rainfall, and heat stress.

Igloo brings blockchain-based parametric insurance to Vietnamese coffee farmers

March 31 2023

Igloo's offering brings accessible, transparent, and affordable parametric insurance to the country

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25 September