A group of US senators is urging the Federal Crop Insurance Corp. to develop an index-based insurance policy, also known as ...

The launch yesterday of the Lumyna – Twelve Capital Parametric ILS Fund, a dedicated parametric insurance and ...

By contrast, the new insurance product, which uses a structure dubbed “parametric,” vows to immediately deliver smaller payouts for a flexible range of emergency costs. “We would be doing a disservice ...

The Energy Central Power Industry Network® is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other. If you have ...

The Global Parametric Insurance Market is projected to grow from USD 17 bn in 2024 to USD 40.6 bn by 2033, with a healthy 9.9% CAGR (2024-2033). In 2023, Natural Catastrophes Insurance dominated ...

Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about ...

The fires raging in the Los Angeles area could cause as much as $250 billion in economic damage and become one of the worst natural catastrophes the United States has experienced. That is roughly ...

Global corporate insurer Descartes Underwriting has launched a new parametric insurance product to protect utility-scale solar farms against tornado damage. The product’s coverage leverages satellite ...

It is the next generation of parametric insurance products,” commented Descartes Chief Insurance Officer and Co-Founder Sébastien Piguet. “Advances in data and computing power allow us to ...

Size is only part of the problem — size by surprise is the real issue. One solution could be parametric insurance. This niche form of protection has gained relative popularity in regions where ...