Accessing parametric insurance policies is crucial to cover the insurance gap for a myriad of events that include man-made or natural catastrophes. Parametric insurance is an innovative alternative, ...

Parametric insurance products can help to address the increasing protection gap arising in respect of climate-related physical risk. As AI and data-collecting technology develops, more business areas ...

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--NormanMax Insurance Holdings, Inc., the US based parametric (re)insurance group, has received ‘approval in principle’ from Lloyd’s to launch a syndicate in 2024 ...

The increased frequency of weather events, like severe storms and flooding, pose a real threat to communities which may struggle to find sufficient protection through traditional insurance markets. As ...

If your home was destroyed by a sudden disaster that you couldn't control, you would hope that at the very least, your insurance would cover your losses. However, disaster risk financing systems are ...

Vortex Weather Insurance today announced the launch of its Broker Weather Coverage Toolkit, a new web resource designed to make it faster and easier for commercial brokers to introduce parametric ...

Floodbase will integrate 24/7, all-weather synthetic aperture radar (SAR) data into its advanced parametric flood solution through the Capella Space Analytics Partner Program Flood risk is growing due ...

A London-based company has built a specialty managing general agent developing parametric insurance products for space-related risks. Orbway Group said it combines ground-based measurements, orbital ...

On Dec. 13, 2024, New York Governor Kathy Hochul signed a bill integrating parametric insurance into the state’s existing legal framework for insurance products under the New York Insurance Law (“NYIL ...

The Bermuda Monetary Authority plans to launch a public consultation later this year on a new framework for parametric insurance products, a move aimed at helping close the global protection gap and ...