Parametric insurance isn’t a silver bullet—it comes with nuances: Basis risk: This is the risk that the trigger event occurs (or doesn’t occur), but the actual loss is different.

Parametric Insurance represents a departure from conventional insurance models by providing coverage based on predefined parameters or triggers rather than actual losses.

A once-niche form of insurance is going mainstream, attracting major corporations and investors eager to hedge against climate risks and natural disasters, Bloomberg News reported Sunday ...

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 ...

The parametric insurance market was valued at USD 16.2 billion in 2024, and is projected to reach USD 51.3 billion by 2034, rising at a CAGR of 12.60%. This growth is fueled by technological ...

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 ...

GIC Re proposes parametric insurance for faster payouts in case of natural disasters, awaiting government approval.

California Insurance Commissioner Ricardo Lara is proposing new coverage plans to lure companies back to the state.

Kansas City-based Lockton launched a global parametric insurance practice, jumping on a growing trend for covering an increasing number of natural disasters.

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 ...

With climate change fuelling bigger and more costly natural disasters, interest in alternative insurance solutions is rising in Bermuda. Parametric insurance provides rapid payout for ...