Traditional insurance has long been the foundation of risk management, offering indemnification based on losses incurred. But a new model is gaining traction: parametric insurance. Unlike ...

The parametric insurance market, valued at $18b in 2023, is projected to reach $34.4b by 2033, growing at a compound annual growth rate (CAGR) of 6.6%, according to a report by Allied Market Research.

Accessing parametric insurance policies is crucial to cover the insurance gap for a myriad of events that include man-made or natural catastrophes. Parametric insurance is an innovative ...

Yokahu has introduced cat-risk.com, a parametric insurance exchange for the London reinsurance market. It aims to facilitate ...

The parametric insurance market is expected to witness notable growth owing to increasing frequency of natural disasters & climate-related events and faster & more transparent claims processing.

Among the most promising developments in this arena is parametric insurance, a model that offers a more efficient and transparent approach compared to traditional insurance. This article delves ...

Parametric insurance products can help to address the increasing protection gap arising in respect of climate-related physical risk. As AI and data-collecting technology develops, more business ...

Parametric insurance, also known as index-based insurance, is a type of cover in which the insurance company and customer agree on a sum that will be paid out if a specific event occurs. The event ...

As climate-fuelled disasters become more frequent and intense, companies, countries and aid workers are experimenting with new models of insurance and financial help to manage growing risks and losses ...

These mechanical triggers, or parameters, give the insurance product its moniker, “parametric insurance.” The quick, straightforward payouts of these policies could encourage the use of insurance in ...

Parametric insurance seeks to provide coverage against specific defined events such as hurricanes or earthquakes, through the payment of a fixed amount determined by the magnitude of the event ...

These mechanical triggers, or parameters, give the insurance product its moniker, “parametric insurance.” The quick, straightforward payouts of these policies could encourage the use of ...