Industry Segments: Parametric Page 1 / 2
-
- February 15 2024
MIC Global partners WRMS to offer parametric flood cover for India’s gig workers
The Lloyd’s player’s micro-insurance product will cover against financial impacts from extreme weather events.
-
- February 7 2024
Lao renews parametric flood cover from Seadrif Insurance with lower thresholds
The parametric policy, which was first purchased by the government in 2021, as been expanded from 2 levels to 4 levels and thresholds lowered, providing flexibility to address varying risk scenarios, the Asean insurance platform said.
-
- February 5 2024
WTW launches parametric protection for South Pacific coral reefs
Fiji’s island communities will be eligible for payouts of up to US$450,000 for reef restoration and community assistance if cyclones hit.
-
- January 25 2024
China’s parametric pilots for nat cat cover finding early success: Taiping Re CEO
Wider use of index-based insurance and ILS is key to finding much-needed capacity for (re)insurers and widening nat cat insurance, according to Sheldon Yu.
-
- December 4 2023
Insurtech Igloo raises US$36m in pre-series C round
The new round backed by Eurazeo, Openspace and La Maison closed at a 50% increase in valuation compared with the Singapore-based insurtech's series B+.
-
- November 28 2023
Parametrics primed for APAC’s insurance mainstream: Descartes
As the search for nat cat capacity grows in the region, the MGA is looking at 'solid double-digit' premium growth this year on more demand from Australia, New Zealand, the Pacific islands and the Philippines.
-
- November 23 2023
CelsiusPro partners Tower to build distribution platform for Pacific islands parametric cyclone cover
The cover will apply to a policyholder's house or another insured location, impacted by a high wind-speed cyclone event, regardless of damage.
-
- November 1 2023
Floodbase and Ag Guard tie-up for parametric agri cover in Australia and New Zealand
The products are scheduled to be available in 2024 and will offer region-specific pricing that trigger payouts automatically when flooding exceeds predetermined thresholds.
-
- October 17 2023
Howden launches climate parametrics division
The unit has over 30 people from across climate, analytics and advisory, structuring and placement, (re)insurance, underwriting and capital markets.
-
- October 17 2023
Swiss Re CorSo in China exploring mid-market opportunities
Specialist offerings like international program, parametrics, digitalisation and distribution partnerships key to its plans, according to Greater China CEO Jeffrey Pan.
-
- October 11 2023
Parametric expansion to help cover niche APAC risks
Insurers need to quickly adapt index-based products to climate change using data analytics and technology to support client needs.
-
- October 10 2023
Himalayan Everest Insurance in climate product pact with The Rockefeller Foundation
The Nepalese P&C player will design and launch "comprehensive" and "affordable" microinsurance with payouts linked to "climate shocks".
-
- July 12 2023
Rising parametric solutions support Asia’s renewable energy transition
Advances in data analytics are helping cover a wider range of perils and risks, but weak pricing, lack of diversification and basis risk limit growth.
-
- June 8 2023
Looming El Niño raises risk of secondary perils across APAC
Carriers look to innovate as countries across the region fear dry conditions, drought, forest fires and flash floods with (re)insurers on high alert.
-
- May 29 2023
Swiss Re CorSo sees growth in APAC through ‘bespoke offerings’
While the carrier is looking to grow its Japan, South-East Asia footprint, it has a 'big focus' on its parametric and global programmes offerings.
-
- March 10 2023
Blue Marble to pilot extreme heat parametric cover in India
The insurance, to be offered in partnership Arsht-Rock Foundation and SEWA, will protect women workers in the informal sector against income loss from extreme heat.
-
- March 3 2023
Swiss Re, Aon team up for parametric earthquake cover for Nepal hydropower project
This is the first time that the IFC and other developmental agencies have agreed to finance a construction project backed by parametric insurance.
-
- November 29 2022
Insurtech Igloo eyes M&A as it raises US$27m in Series B extension
The Singapore-based firm recently launched a parametric Weather Index insurance product in Vietnam.
-
- November 8 2022
India eyes parametric alternatives for crop insurance scheme
The market seeks to introduce greater efficiency in the oft-criticised agri insurance scheme through new technologies.
-
- October 26 2022
Tower trials parametric cyclone cover in Fiji
While the island country is heavily exposed to cyclones, fewer than 10% of Fijian households have insurance.
