Hail Has Damaged Insurance Market for Car Dealers. Parametric Insurance May Help. November 14, 2019 By Ira Boudway Nick Pacifico has been working at his family’s Cadillac dealership in Denver since 2003. He’s never seen insurance costs this...
Parametric Catastrophe Facility CCRIF Pays US$12.8M to Bahamas for Dorian Damages September 27, 2019 CCRIF has made two payouts to the government of The Bahamas totaling US$12.8 million in the aftermath of Hurricane Dorian,...
Rethinking the Limits of Parametric Insurance September 24, 2019 By Michael W. Elliott It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically...
Update: Parametric Catastrophe Pool, CCRIF, to Provide Rapid Payout for Bahamas After Dorian September 5, 2019 By Eric Roston Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance...
Parametric Insurance Cover Provides French Farmers with Drought Relief August 2, 2019 By Inti Landauro Hundreds of French farmers who signed up for specialist policies aimed at insuring against freak weather are getting swift payouts...
JBA Risk Management and FloodFlash Launch Parametric Flood Policy in UK June 28, 2019 JBA Risk Management and FloodFlash have formed a partnership to provide event-based flood insurance, which uses parametric triggers for property...
Clyde & Co. Launches Connected Parametric Insurance Contract May 23, 2019 Global law firm Clyde & Co has launched an off-the-shelf connected parametric insurance contract for use by insurers through its...
Insurers Pitch Quick-Paying Parametric Disaster Insurance to Public Sector April 9, 2019 By Christopher Flavelle and Katherine Chiglinsky Some of the world’s largest insurers are eagerly pitching cities, states and even school districts on policies designed to pay...
Swiss Re Corporate Solutions Launches Parametric Water-Level Insurance in Europe January 10, 2019 Swiss Re Corporate Solutions announced it is launching parametric water-level insurance called “FLOW.” This new index-based product is designed to...
Cat Facility CCRIF Welcomes 2 New Members: British Virgin Islands, Montserrat June 14, 2018 CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that British Virgin Islands and Montserrat have joined the facility...