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In this month’s issue of Climate Risk, we cover the developments in the carbon insurance markets including multiple new projects and funding rounds.

As this month’s issue of Generative AI in Practice considers how to insuring GenAI will change in the future, and touches on our upcoming Live Chat with myReach - a platform that interconnects your data, allowing you to ask questions in natural language to help you find insights tailored to your needs.

Many companies have designed parametric insurance products for consumers, but few have been successful at scale. Travel insurance is one of the early success stories. With recent announcements of new partnerships, we can expect parametric travel insurance to grow faster in the next few years.

In this month’s issue of Climate Risk, we cover the which countries will be most at risk of higher property damage losses due to climate change.

Whilst parametric insurance solutions are now available for all sorts of risks across the world, there are still a few uses of parametric risk transfer that dwarf the rest of the market by premium volume. In this week’s Parametric Post, new parametric schemes are announced in Mozambique and Malawi, while a reinsurer puts capacity behind an MGA to underwrite more parametric reinsurance across Africa.

As this month’s issue of Generative AI in Practice shows more examples of insurers using GenAI than ever before, companies need to make sure the right controls are in place for their AI initiatives. This especially applies to consumer-facing use cases.

In this week’s Parametric Post, there are a few examples of parametric insurance playing a quite different role, as a perk or benefit.

In this month’s issue of Climate Risk, we cover new initiatives for reducing the impact of climate events; including a partnership for severe weather early warnings and investment into companies focusing on climate resiliency.

While mandatory climate disclosures are starting to make organisations more aware of the financial impact of climate change, some less obvious climate risks remain underappreciated. Do these risks represent the parametric insurance market of the future? Mitiga Solutions, one of the firms helping organisations with mandatory disclosure reporting, recently told us about some of the novel use cases of its climate analytics.

Most technology is ‘deterministic’; it operates under a predefined logic and produces consistent and predictable outcomes. Add a contact to your CRM, and it appears as expected. Query your policy management system about a company, and the details pop up without fail. Even the machine learning algorithm that calculates your car insurance premium is deterministic; feed it the same data and it will produce the same results.

Sign up to the newsletter here The Parametric Post, the only newsletter dedicated to parametric insurance. Thought for the day… promising signs for the parametric flood market Flood, one of the most globally prevalent perils, remains significantly underinsured in 2024. Could this be the year that ...

The UK is currently experiencing a series of damaging storms, with winds from Isha reaching over 100mph. Storm Jocelyn has followed close behind, arriving in the UK with 76mph gusts. Are storms in the UK becoming more frequent?