Latest Parametric Headlines
All the headlines from our Parametric Topic Page, ordered by recency.
Insurtech Descartes Underwriting Raises $120M to Expand Parametric Product Offering
Jan 31 2022 // Descartes Underwriting, the insurtech company that specializes in parametric natural catastrophe products, has announced a $120 million Series B funding round. Growth equity firm Highland Europe is leading the...
K2 Launches Parametric MGA in California Headed by Carpinteri
Nov 22 2021 // K2 Insurance Services LLC launched a managing general agency called K2 Parametric, which is being led by Scott Carpinteri, who has experience in the parametric insurance space. K2 Parametric will be based out of...
Demex and Vave Offer Parametric Extreme Temperature Insurance for U.S. Businesses
Nov 17 2021 // A technology firm and a managing general agent are partnering to offer extreme temperature insurance to commercial properties across the United States. According to Vave, an algorithmic underwriting MGA, and The Demex...
Insurtech Arbol Launches Bermuda MGU, Focusing on Parametric Reinsurance
Nov 10 2021 // Arbol Inc., a New York City-based insurtech platform for parametric protection products, announced the launch of Arbol Underwriters Ltd. (AUL), a registered insurance agent based in Bermuda, which is focused on providing...
Chaucer, Parametric Insurtech Yokahu Offer Product to Cut Caribbean Protection Gap
Nov 8 2021 // Chaucer, the London-based specialty re/insurance group, and parametric insurtech startup, Yokahu, are launching a new microinsurance product, which will provide cover for hurricane events in the Caribbean. This new...
Parametric Insurer CCRIF Strengthens Belize Warning Systems for Extreme Weather
Oct 26 2021 // Parametric catastrophe insurer CCRIF continues to strengthen Belize’s early warning systems for rainfall and climate forecasting with a new grant of US$43,140. This grant brings CCRIF’s Belize contributions to...
Neptune Flood Acquires Parametric Earthquake Insurance Broker Jumpstart
Oct 4 2021 // Digital flood insurance provider Neptune Flood has acquired Jumpstart Insurance Solutions, a parametric insurtech broker that offers parametric earthquake policies. Terms were not disclosed. Jumpstart, a licensed surplus...
Parametric Catastrophe Insurer CCRIF to Make Record Payout of $40M for Haiti Quake
Aug 19 2021 // CCRIF SPC, the Cayman Islands-based parametric catastrophe facility, will pay approximately US$40 million to the government of Haiti, following the devastating magnitude 7.2 earthquake, which struck the Caribbean island on...
Africa Specialty Risks Launches Parametric Underwriting Division
May 24 2021 // Africa Specialty Risks (ASR), the pan-African focused managing general agent, announced the launch of its parametric division, alongside the appointment of Dr. Raveem Ismail as head of Parametric Underwriting and Ian...
Lloyd’s Launches Parametric Earthquake Insurance Policy in New Zealand
Mar 24 2021 // Lloyd’s has launched a parametric earthquake insurance policy in New Zealand, in partnership with start-up Bounce Insurance, which uses cutting-edge technology and real-time data to automatically pay customers within...
Jumpstart Parametric Earthquake Firm on Move in West
Jan 22 2021 // Jumpstart Insurance Solutions Inc. is on the move in the earthquake-prone West – and the company is now working with insurance agents. Jumpstart, a licensed surplus lines insurance broker using Lloyd’s capacity,...
A Dozen Items Slated to Be Considered for California Export List
Nov 20 2020 // More items are being proposed for the California Export List than in recent memory, including coverages for cyber, parametric products, earthquake, and COVID-19, according to a surplus lines expert. The California...
Insurtech Blink Launches Non-Damage Business Interruption Parametric Solution
Nov 20 2020 // Irish insurtech Blink has launched a hurricane non-damage parametric insurance solution which provides liquidity to small and medium-sized businesses in the immediate aftermath of a natural disaster. Called “Blink...
Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln
Sep 30 2020 // Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or...
MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap
Sep 29 2020 // Evan Glassman saw a gap in the property insurance market—literally. Glassman, working as a retail producer in south Florida for most of his career, realized that the insurance industry’s products were not fully...
Finding Niches: Reinsurance MGAs Carving Out Special Market Slices
Sep 29 2020 // Reinsurance managing general agents are a rare breed as opposed to their more prevalent insurance-focused counterparts. The successful reinsurance MGAs have a niche, a focus. What they have in common is they are not...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 24 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
Sompo Global Risk, Marsh & McLennan Launch Commercial Real Estate Market Product
Aug 18 2020 // Marsh & McLennan Agency LLC (MMA) and Sompo Global Risk Solutions (GRS) have launched a new customizable insurance product designed to help commercial real estate owners control costs, streamline policy administration...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 14 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
Lloyd’s Selects 10 Insurtechs for Its Innovation Accelerator, Focusing on COVID-19 Risks
Aug 11 2020 // The Lloyd’s re/insurance market announced the latest cohort of insurtech disruptors that will join its Lloyd’s Lab innovation accelerator program with a focus on COVID-19 products and solutions. The insurtechs...
