All the headlines from our Parametric Topic Page, ordered by recency.
Dec 6 2022 // Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make a splash in five states in early 2023.FloodFlash is set to begin offering parametric coverage for...
Jun 22 2022 // Parametric Insurtech startup BirdsEyeView has closed a seed funding round for an undisclosed amount led by SFC Capital, with the funds matched by the European Space Agency (ESA).BirdsEyeView uses satellite data to...
Jun 21 2022 // Aura Underwriting, part of Rokstone, the Aventum Group’s global specialty re/insurance MGA, has announced the launch of Aura Parametric, a new Caribbean parametric product to complement its existing Lloyds Caribbean...
Jun 3 2022 // Governor Phil Scott recently signed legislation (H.515) into law modernizing Vermont’s captive insurance statutes, including giving captive insurance companies authority to enter into parametric risk transfer...
May 2 2022 // Howden, the London-based insurance broker, has worked with Munich Re and Skyline Partners to develop a product that protects the Jamaican Co-operative Credit Union League (JCCUL) against non-repayment of micro-loans from...
Feb 28 2022 // Descartes Underwriting, the Paris-based parametric insurtech, has formed a partnership with Reask, the tropical-cyclone modeling firm.The partnership aims to expand the availability and advancement of parametric cyclone...
Feb 22 2022 // Matt Groenheide, previously with GuideOne Insurance, HDI Global and Zurich, has joined New Paradigm as senior vice president and director of specialty programs. Groenheide will lead a program that matches parametric risk...
Feb 11 2022 // FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million.The round was led by Chicago-based Buoyant Ventures with San...
Feb 2 2022 // This edition of International People Moves details appointments at Swiss Re Corporate Solutions, Chubb and Marsh.A summary of these new hires follows here. Swiss Re Corporate Solutions Promotes 2 in Engineering &...
Feb 1 2022 // Parametrix Insurance, a provider of parametric cloud downtime insurance, and ComTech-Leavitt Insurance Services, a member of insurance brokerage Leavitt Group, have partnered to help businesses using the cloud reduce their...
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 capital-raise...
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...
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...
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...
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...
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...
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...
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...
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...
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...