Latest Parametric Headlines
All the headlines from our Parametric Topic Page, ordered by recency.
How Parametric Products Work to Supplement Indemnity Policies: RIMS
Apr 30 2018 // Corporate risk managers are buying parametric insurance policies to supplement, not replace, their indemnity-based policies. The parametric products worked well with customers hit by the 2017 hurricanes, according to...
UK Invests in Natural Disaster Hedge Fund Focused on Insurance for Developing Nations
Feb 26 2018 // Britain is backing a hedge fund that aims to raise $200 million to give developing countries access to climate risk insurance. Britain’s Department for International Development (DFID) is investing 25 million pounds...
Aon Securities Structures Largest-Ever Earthquake Catastrophe Bond for World Bank
Feb 7 2018 // Aon Securities, the investment banking division of reinsurance intermediary and capital adviser Aon Benfield, has assisted the World Bank in structuring the largest-ever catastrophe bond covering earthquake, which provides...
India Flags Low Health Insurance Penetration as Damper to Growth
Feb 6 2018 // India’s push toward universal health care has Prime Minister Narendra Modi’s political opponents worried, a top government adviser said. Modi’s government announced a plan last week to provide health...
ARC, FAIA to Offer Parametric StormPeace Coverage to Florida Member Agents
Jan 31 2018 // The Florida Association of Insurance Agents (FAIA) and Assured Risk Cover (ARC) have formed an agreement that grants FAIA member agents access to the StormPeace parametric insurance product that pays out-of-pocket expenses...
Parametric Insurance Can Help Close Global Protection Gap: Clyde & Co. Report
Jan 9 2018 // Parametric insurance can play a significant role in closing the insurance protection gap – a problem that plagues economies in both the developing and developed world, according to a report published by Clyde &...
Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters
Jan 8 2018 // Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling...
Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters
Nov 22 2017 // Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling...
Cat Facility CCRIF to Pay 6 Caribbean Nations $29.6M for Hurricane Irma Damage
Sep 13 2017 // Cayman Islands-based CCRIF (formerly the Caribbean Catastrophe Risk Insurance Facility) will make payments totaling US$29.6 million to six Caribbean nations recovering from Hurricane Irma. CCRIF’s parametric tropical...
Blockchain Used as Settlement Mechanism for Cat Bond with Parametric Trigger
Aug 14 2017 // Financial markets are showing some signs of volatility these days after exceptionally low indicators since the start of the 2017. The Chicago Board Options Exchange Volatility Index, or VIX, is at its highest level this...
Exclusive: California Broker Plans Parametric Quake Product That Pays Even If No Damage
Jul 21 2017 // A California broker is promising to bring a “first-of-its-kind financial resource” that pays homeowners after an earthquake for a low monthly premium whether there’s damage to the home or not. A Berkeley,...
New Insurance Products Could Cut Natural Disaster Costs in Poorer Nations: Report
Jul 12 2017 // New types of insurance could cut the costs of natural disasters for poorer countries and reduce the amount of humanitarian aid needed, according to a report commissioned by Britain’s international development...
Swiss Re, Ping An Offer China’s 1st Mobile-Enabled Parametric Insurance Cover
Jul 7 2017 // Swiss Re has partnered with Ping An Property & Casualty Insurance Co. of China Ltd. to launch China’s first mobile-enabled typhoon property parametric insurance solution. This solution is designed to provide an...
Emerging Risks/Markets Offer New Opportunities: 2017 Predictions, Part 3
Dec 21 2016 // Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market knowledge and...
Caribbean Cat Facility, CCRIF, Pays Nicaragua $1.1M for Hurricane Otto
Dec 14 2016 // CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) made a payout of US$1.1 million to the government of Nicaragua as a result of damages from Hurricane Otto. Damages triggered a CCRIF payment on the...
10 Takeaways from the Future of Insurance and InsureTech Connect Conference
Oct 17 2016 // You’ve probably heard. There is tremendous investor interest right now in technology-first insurance startups, or insurtech firms. The first InsureTech Connect Conference in Las Vegas in early October attracted an...
Caribbean Cat Facility, CCRIF, Pays Belize for Excess Rain From Hurricane Earl
Aug 23 2016 // CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) made a pay-out of US$261,073 to the government of Belize as a result of heavy rains from Hurricane Earl on Aug. 4-5. Rainfall from the hurricane caused...
Disaster Response: Pandemic Insurance to the Rescue
Jul 11 2016 // The shoe may eventually be placed on the other foot for the United States. This nation has a long-standing tradition of innovating products and ideas – particularly insurance products – and then exporting them to other...
Pandemics and Climate Change Present Opportunity for Insurers
Jun 9 2016 // The shoe may eventually be placed on the other foot for the U.S. This nation has a long-standing tradition of innovating products and ideas – particularly insurance products – and then exporting them to other...
EU Contributes $15.8M to Caribbean Catastrophe Risk Insurance Facility
Apr 18 2016 // The European Commission has agreed to contribute €14 million ($15.8 million) so the governments of Central American countries and the Dominican Republic can access to “low cost, high quality catastrophe risk...
