All the headlines from our Parametric Topic Page, ordered by recency.
Jan 10 2019 // Swiss Re Corporate Solutions announced it is launching parametric water-level insurance called “FLOW.” This new index-based product is designed to protect companies in Europe from the financial impact of high...
Nov 6 2018 // The issuance of non-life insurance linked securities during the third quarter reached a record $1.6 billion, according to a report published by Willis Re.The total exceeds the former Q3 record of $1.4 billion achieved in...
Oct 15 2018 // A firm that wants to make a name for itself as the first parametric insurtech in the U.S. for earthquakes has officially launched in California, over a year after its anticipated original launch date.Jumpstart Insurance...
Oct 2 2018 // Lloyd’s is set to get into Canada’s cannabis market when recreational marijuana becomes legal there on Oct. 17, according to Hank Watkins, president of Lloyd’s America Inc.Watkins was speaking today at...
Oct 2 2018 // A firm that wants to make a name for itself as the first parametric insurtech in the U.S. for earthquakes has officially launched in California, over a year after its anticipated original launch date.Jumpstart Insurance...
Sep 3 2018 // NationsBuilders Insurance Services, Inc. (NBIS), a provider of specialty program insurance to the heavy construction industry, has added Chris Nelson as transportation program manager.Nelson will represent NBIS within the...
Jul 26 2018 // Assured Risk Cover, a provider of parametric hurricane insurance, launched a commercial insurance policy for small businesses in Florida under the StormPeace name. The policy contains all the features of the StormPeace...
Jun 14 2018 // CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that British Virgin Islands and Montserrat have joined the facility and purchased coverage for the 2018/19 policy year, beginning June 1.Both...
Jun 7 2018 // Assured Risk Cover, provider of StormPeace residential parametric insurance, has announced that former Florida Insurance Commissioner Kevin McCarty has joined its board of advisors. McCarty served as Florida’s first...
May 7 2018 // Miami Beach’s tourism industry has suffered one blow after another in recent years.First, Brazil’s economy tanked and a strong U.S. dollar prompted would-be international travelers to stay home. Then Zika...
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 Robert...
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...
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...
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...
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...
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 &...
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...
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...
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...
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...