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Parametric

Parametric insurance is enabling coverage for risks that were previously difficult or impossible to insure. With pay-outs based on event triggers rather than loss assessments, organisations are increasingly turning to parametric to fill gaps in catastrophe cover or protect against emerging risks.

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Newsletter
June 25, 2021
Parametric insurance for climate-friendly assets – The Parametric Post Issue 4
The Parametric Post is InsTech London’s newsletter dedicated to parametric insurance. Sign up for free using the form at the bottom of the page. This week’s issue (24 June) features coverage for wind turbines and forests, plus the latest product and partnership announcements. ...
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Insight
June 23, 2021
Parametric insurance news from InsTech London
At InsTech London, we believe parametric insurance will be one of the major themes driving change in insurance over the next decade. Over 1,000 people have downloaded our report, Parametric Insurance – 2021 outlook and the companies to watch, and to help you keep up to date with ...
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Newsletter
June 10, 2021
Creating parametric insurance products – The Parametric Post Issue 3
The Parametric Post is InsTech London’s newsletter dedicated to parametric insurance. Sign up for free using the form at the bottom of the page. This week’s issue (10 June) covers index design, data and analytics, IoT sensors and embedded insurance, as well as ...
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Newsletter
May 28, 2021
The Parametric Post Issue 2 – Parametric insurance news from InsTech London
Issue 1 of our new parametric insurance newsletter generated so much interest that we’re switching it from monthly to fortnightly. You can keep up to date with the latest developments in parametric insurance by signing up for free using the form at the bottom ...
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Insight
May 25, 2021
Covering energy price risk with parametric insurance
The Paratus Group of Companies, founded in May 2020, offers parametric insurance for marine fuels, freight, LNG (liquefied natural gas) and carbon emissions price risks. If the physical price exceeds a trigger level determined in the policy, once validated, a cash settlement is paid out automatically.&...
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Insight
May 18, 2021
Cryptocurrency – the next capital pool for parametric insurance?
Ensuro, founded in 2021, is developing a decentralised underwriting solution for parametric insurance products. Unlike conventional insurers, the capacity it will provide uses funds governed by a smart contract on a blockchain. Background Insurers are required to hold a minimum amount of capital, which is a ...
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Podcast
May 14, 2021
Parametric insurance – delivering US hurricane & quake cover since 2013
Insurance policies may leave businesses exposed to uninsured economic loss in the event of a hurricane or earthquake, because of excess, deductibles and exclusions. New Paradigm Underwriters offers parametric insurance products which use the wind speed of hurricanes and shake intensity of earthquakes to determine ...
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Newsletter
April 30, 2021
The Parametric Post Issue 1 – Parametric insurance news from InsTech London
Parametric insurance will be one of the major themes driving changes in insurance over the next decade. To help you keep up with what’s happening in the space, we have launched a monthly newsletter reviewing the companies offering parametric solutions, the types of ...
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Insight
April 28, 2021
From customer to capacity – Parametric earthquake cover in New Zealand from Bounce Insurance
Bounce Insurance, founded in 2020, offers parametric insurance for earthquakes in New Zealand. Its policies are based on a seismic trigger, powered by data from GeoNet, New Zealand’s earthquake data authority. Background New Zealand sits on the boundary between two tectonic plates, resulting in frequent ...
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Podcast
January 29, 2021
Cold chains, Covid & parametric insurance
Since forming part of the first Lloyd’s Lab cohort in 2018, Parsyl has established itself as an innovative technology company, global cargo insurer and more recently, a vital part of the fight against Covid-19. CEO and Co-founder Ben Hubbard joins Matthew on Episode 123 to discuss ...
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Podcast
January 22, 2021
What 8,000 people want from their insurer
On Podcast 121, Matthew Grant talks to Mark Patterson from Deloitte about its survey, The Future of Home and Motor Insurance. The survey is the result of interviews with 8,000 consumers across 12 countries. Mark Eastham, CEO of Avantia, which sells insurance under its HomeProtect brand, joins ...
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Insight
January 6, 2021
The Friends’ Forecast 2021 – Five more themes, 20 people, Part Two
We had so many great predictions for 2021 when we crowdsourced 20 InsTech London friends for their opinion, I’ve published it in two parts. Part One – the first six predictions – is here. And the radio edit podcast was published on 3rd January on  and already ...