Parametric

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.

Missed out on the event or want a refresh? No problem! Watch four full panels from the event featuring speakers from Kroll, S&P Global Market Intelligence, KPMG, Generali, IncubEx and Landsec.

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.

Changes in the weather can significantly disrupt demand and operations for companies in sectors such as energy, construction and events, even if they cause little or no physical damage. As weather patterns change due to global warming, more organisations are choosing parametric insurance to manage their exposures to variability in the weather.

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

Shock events, from earthquakes to epidemics, can cause prolonged interruptions to businesses large and small.

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.

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 ...

Supply chains have become longer, more international and more time-sensitive for decades, creating complex networks of dependency and risk.

Sign up to the newsletter here The Parametric Post, the only newsletter dedicated to parametric insurance. The InsTech perspective… parametric solutions for non-damage business interruption Supply chain pressures, the COVID-19 pandemic and a climate-induced increase in weather variability have disrupted businesses around the world in ...

Supply chain pressures, the COVID-19 pandemic and a climate-induced increase in weather variability have disrupted businesses around the world in recent years.

The Parametric Post, the only newsletter dedicated to parametric insurance. Thought for the day… how parametric is filling wildfire protection gaps With wildfire risk increasing in many areas, particularly California, it is becoming more and more challenging for insurers to underwrite traditional insurance profitably. Since 2022, ...