Industry Segments: Parametric Page 1 / 3
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- March 17 2025
Korean regulator to promote parametrics, support carriers’ overseas expansion to tackle emerging risks
FSC announces 11 proposals to address five major challenges – climate, overseas expansion, technology, population, and debt management.
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- March 11 2025
PCRIC makes US$45,000 parametric payout on coral reef cover in Cyclone Rae aftermath
Payment to an NGO in Fiji will be used for reef clean-up and restoration activities and community livelihood support hit by the tropical cyclone.
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- March 3 2025
Allianz Commercial appoints Rosa Ficarra as APAC ART head
Ficarra will relocate from London, and be responsible for new and renewal alternative risk transfer (ART) business in Asia and Australia.
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- February 17 2025
Vietnamese coffee farmers receive first-ever payout from Willis’ parametric policy
The risk transfer solution, backed by the Natural Disaster Fund and in partnership with Bao Minh Insurance, uses satellite data to measure rainfall levels in the country’s coffee-growing regions.
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- February 4 2025
Generali, Descartes partner to launch parametric ILS fund
Twelve Capital-managed fund will invest in a portfolio that includes cat bonds and securitised natural-perils parametric insurance policies.
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- January 23 2025
With Donald Trump’s ESG curveball, what’s the outlook for APAC liability coverage?
With environmental, social and governance (ESG) back in the spotlight in the first week of the new US presidency, market experts say clients are demanding liability cover amid an ever-changing regional landscape.
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- January 20 2025
Swiss Re CorSo bets on international programs, ART to differentiate: Ivan Gonzalez
CEO says insurer plans to increase premiums from the two businesses to more than 25% of its GWP in three years from 19%.
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- December 13 2024
WRMS’ SecuRisk tackles data and distribution hurdles to enhance climate resilience
The biggest challenges are minimising basis risk and providing coverage for smaller beneficiaries, such as smallholder farmers and micro-entrepreneurs, often overlooked by large insurers.
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- December 3 2024
The industry has to be nimble in dealing with climate risks: Swiss Re’s Lubomir Varbanov
The key challenge and opportunity for the market is the need for multilateral development banks to adapt to evolving risks, particularly those related to climate change.
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- November 20 2024
Rokstone launches global multi-peril parametric offering with US$10m facility
The MGA has partnered with NormanMax Lloyd’s Syndicate 3939 to launch to cover earthquake, hurricane, tropical cyclone and typhoon risks, with further perils including floods set to be added next year.
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- October 23 2024
HDI Global’s ART unit eyes Asia expansion under new leadership
The carrier’s specialist unit HDI Enablers is looking to expand into Malaysia following the appointment of Eric Joly-Pottuz as head.
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- October 1 2024
Seadrif’s Typhoon Yagi pay out in Laos tops US$3m
The extended flood impact triggered a second parametric payout of US$2.25 million on September 30, just a week after the initial pay out of US$750,000 was made to the ministry of finance.
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- September 27 2024
Parametrics can complement reinsurers’ capital protection platforms
Guy Carpenter’s Jeremy Waite discusses how index-based products can fill the protection gap left by indemnity insurance from deductibles, excluded perils, scarce capacity and contingent business interruption.
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- September 25 2024
Typhoon Yagi triggers Seadrif parametric pay out in Laos
The Asean risk pool initiatied the US$750,000 payout on September 20, which was five days after the peak of the flooding in the country's capital Vientiane.
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- September 16 2024
RVS Monte Carlo: Market can expect return to calmer waters
After a bruising couple of years, this year’s Rendez-vous de Septembre indicated that the hard market is over, with alternative forms of capital and risk solutions here to stay.
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- August 22 2024
Climate change exposes banks to ‘silent’ risks as insurance gets more unaffordable: Aon
Banks can leverage on tools and datasets that insurers have been using for pricing climate risks. Alternative risk transfer tool such as parametrics can also provide additional protection, the broker said.
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- August 16 2024
Nat cat risk pool, parametrics can improve China’s climate resilience: Ping An Insurance
In a jointly-issued report, China's second P&C insurer has put forward a range of recommendations on how authorities can work with the sector to mitigate disaster risks.
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- August 15 2024
‘Impact insurers’ run into capacity, distribution hurdles in Asia
Public partnerships, people-centric design and tech solutions are needed for parametrics to be a part of the region’s relief capital mix and to close the protection gap.
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- August 7 2024
Munich Re, SBI General Insurance to lead Indian state’s parametric rainfall cover
The Nagaland State Disaster Management Authority has appointed the two as the lead reinsurer and insurer to enhance the North-Eastern Indian state's resilience against excess rainfall.
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- August 5 2024
Axa debuts parametric heatwave cover for Hong Kong, Macau outdoor workers
Insured individuals are eligible to receive a payout of US$12.9 each, or an ‘anti-heatwave kit’ of an equivalent value, without the need to submit claims or prove damage or loss.
