Parametric

The Parametric Post, the only newsletter dedicated to parametric insurance. Thought for the day… why the parametric insurance market grew in 2023 Privately owned insurance companies don’t often release specific details about how their products are performing, but we’ve recently seen a few statistics ...

The Parametric Post, the only newsletter dedicated to parametric insurance. The InsTech perspective… why parametric insurance suits shock events Hurricane Otis caught people and businesses off guard when it made landfall in Acapulco, Mexico on 25 October as a category 5 hurricane. Just 24 hours earlier, it had ...

Arbol, an MGA specializing in parametric insurance, has been rapidly growing and expanding since we last spoke a year ago. Arbol recently announced a partnership with reinsurer Beazley, enabling them to deploy capacity in the US for weather risks. Tune in to Henry Gale, Senior ...

The Parametric Post, the only newsletter dedicated to parametric insurance. Thought for the day… why brokers are launching parametric teams  Commercial and public sector insurance and reinsurance is overwhelmingly sold through brokers and more of them are now promoting parametric products. In this week’s ...

Thought for the day… parametric insurance: not just for physical losses  Recent events such as the COVID-19 pandemic, supply chain pressures and variable weather have revealed businesses’ exposure to risks that cause loss without physical damage. These ‘non-damage business interruption’ (NDBI) risks usually are either ...

What does parametric insurance mean to Jonathan Gonzalez, Co-founder and CEO of Raincoat? Raincoat is a technology company that works with brokers and insurers to develop and distribute parametric climate insurance for consumers in at-risk regions. The company is involved in parametric schemes around the ...

Thought for the day… parametric insurance: a growth opportunity for Lloyd’s?  In recent years, parametric insurance has principally been adopted where there is demand for coverage, but traditional insurance is not available or cover is insufficient. Parametric could therefore be seen as a natural ...

In conversation with: CelsiusPro Since its foundation in 2008, CelsiusPro has specialised in parametric insurance solutions to help clients worldwide mitigate the effects of extreme weather and natural catastrophes. The company provides products, technology, and consulting services. In September 2023 it announced the acquisition of UK-based Global ...

The Parametric Post, the only newsletter dedicated to parametric insurance. You can sign up for free here. Thought for the day… consolidation in the parametric insurance market In this week’s Parametric Post, CelsiusPro announces that it has acquired Global Parametrics. Since 2013, more than 50 ...

The Parametric Post, the only newsletter dedicated to parametric insurance. You can sign up for free here. The InsTech perspective… parametric reinsurance for emerging climate risks Insurance companies first purchased parametric reinsurance for their portfolios in the 1990s. The earliest parametric catastrophe bonds covered ...

The Parametric Post, the only newsletter dedicated to parametric insurance. You can sign up for free here. The InsTech perspective… parametric insurance for weather variability  Parametric risk transfer in its current form can be traced back to two financial instruments developed in the 1990...

The Parametric Post, the only newsletter dedicated to parametric insurance. You can sign up for free here. The InsTech perspective… parametric insurance enabling crucial financing Currently, the insurance industry is experiencing a ‘hard market’, meaning premiums increase year on year while the capacity to ...