All the headlines from our Parametric Topic Page, ordered by recency.
Nov 20 2024 // Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has launched Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939.With an initial US$10 million worldwide...
Oct 2 2024 // What is being called the first sensor-triggered earthquake parametric insurance policy in the U.S. was purchased by The University of California.Liberty Mutual Reinsurance, part of Liberty Mutual Insurance Group, and...
Aug 14 2024 // Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc. and the Kenyan insurer Britam to launch a parametric insurance product, which aims to protect Kenyan...
Jul 15 2024 // Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance.They’re still there, producing...
Jul 1 2024 // Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that...
Jun 24 2024 // FloodFlash announced its expansion to cover all mainland US locations.The sensor-enabled parametric flood insurer provides flood coverage in excess of the National Flood Insurance Program (NFIP) where the private markets...
Jun 18 2024 // Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that...
May 22 2024 // NormanMax Insurance Holdings, the Miami, Florida-based parametric re/insurance group, has launched Lloyd’s Syndicate 3939, in partnership with third-party managing agent Apollo.NormanMax Syndicate 3939 is the first...
May 10 2024 // FloodFlash has added a dealer program in its efforts to support more U.S. businesses ahead of a hurricane season that is widely anticipated to be amongst the worst in recent memory.Stored on large, flat areas of often...
Apr 23 2024 // Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has announced a partnership with Safehub, a technology provider in seismic sensor and risk management solutions to offer a market-first,...
Apr 15 2024 // Ahead of the 2024 Atlantic hurricane season, FloodFlash, which offers sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage.U.S. Commercial Director Rich Coyle...
Mar 4 2024 // WTW and The Nature Conservancy (TNC) announced the purchase of a new coral reef insurance policy that expands coverage around the main Hawaiian Islands and increases payouts after qualifying storms.This replaces the first...
Mar 1 2024 // This edition of International People Moves details appointments at the re/insurer AXIS Capital Holdings and insurance broker Miller.A summary of these new hires follows here. AXIS Promotes Ashby to Chief Commercial...
Feb 16 2024 // WTW and The Nature Conservancy (TNC) announced the purchase of a new coral reef insurance policy that expands coverage around the main Hawaiian Islands and increases payouts after qualifying storms.This replaces the first...
Feb 2 2024 // Descartes Insurance, the risk-carrying insurer formed in 2022 by climate-risk managing general agent Descartes Underwriting, has launched the first parametric cyber insurance for corporate clients in France.Described as...
Dec 21 2023 // NormanMax Insurance Holdings, the Miami, Florida-based parametric re/insurance group, has received “in principle” approval from Lloyd’s to launch a syndicate, which will be managed by Apollo Syndicate...
Oct 17 2023 // Howden, the London-based insurance group, announced the creation of Howden Climate Parametrics, a global practice that brings together re/insurance, climate, and data expertise to focus parametric risk transfer solutions...
Sep 7 2023 // CelsiusPro AG, the Zurich-based parametric insurance managing general agent, announced the acquisition of Global Parametrics Holding Co. Ltd.CelsiusPro said the deal will strengthen its global capabilities to offer...
Mar 16 2023 // Intangic MGA, a London-based cyber managing general agent (MGA), has been launched with capacity backing from AXA XL, offering new cyber insurance cover for large public corporations headquartered in the UK.The company is...
Mar 8 2023 // Insurer Swiss Re Corporate Solutions, reinsurance broker Guy Carpenter, and the data technology firm ICEYE have teamed up with New York City government agencies to develop a pilot parametric flood recovery assistance...