Article ID: ba736b5c4f0e883f5b4a4009a1a69b65038f0590b880bca3dc9a8abb03805f7a
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URL: https://www.reinsurancene.ws/tag/parametric-insurance/
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Reinsurance News Parametric insurance news Parametric insurance and parametric reinsurance are growth areas for the industry. We cover news on many forms of parametric risk transfer to provides our readers with insights into developments in the re/insurance market related to parametric triggers. Parametric insurance utilises catastrophe event, weather, or other data parameters to define payout structures and triggers for contracts. It is considered a fast, pre-defined payout system, with payouts coming due when a specific, objective event occurs and a pre-defined parameter is reached, rather than assessing actual physical loss like traditional indemnity insurance. This archive features our news on the use of parametric triggers to structure insurance or reinsurance protection, as well as discussion on the benefits of parametric triggers as transparent, fast-paying trigger mechanisms for providing parametric insurance and reinsurance coverage. Mantas secures $1.77m for parametric solution to cover cloud service interruptions 27th January 2026 Mantas, a provider of parametric cyber insurance and predictive analytics to help businesses mitigate cloud downtime risks, is launching a parametric-based insurance solution to cover the operational and financial impact of cloud outages and digital risks. For the coverage, the firm has secured a total of $1.77 million in funding from ... Read the full article Apollo partners with ZenHedge to launch new parametric Freight Expense Insurance solution 26th January 2026 Apollo, a Skyward Group company, has entered into a partnership with ZenHedge, a US-based insurtech start-up, to bring to market Freight Expense Insurance, a parametric insurance solution aimed at shielding US shippers from unplanned freight cost increases driven by trucking carrier tender rejections. ZenHedge’s proprietary platform leverages data drawn from ... Read the full article Descartes launches parametric product suite for data centres 22nd January 2026 Descartes Underwriting has announced a new parametric product suite for data centres, providing flexible capacity of up to $140 million per policy against natural perils that threaten timely completion of construction, commissioning, and ongoing service delivery. The growing capacity demands of generative AI and other cloud computing services has led to ... Read the full article Parametric provider CelsiusPro partners with ECOM to assist Indonesian farmers 19th January 2026 CelsiusPro Group, a provider of parametric insurance solutions for climate risks, has partnered with ECOM Agroindustrial Corp Ltd., a soft-commodities services group specialising in coffee, cocoa and cotton, to provide Indonesian farmers exposed to climate and natural catastrophe risks with parametric insurance cover. The initiative is supported by the University of ... Read the full article Global Parametrics brings parametric protection to rural women farmers across India 14th January 2026 Global Parametrics, part of the CelsiusPro Group, has partnered with Frontier Markets, a rural social commerce platform, to launch a gender-smart parametric insurance solution in India. This product has been specifically designed and is initially being piloted to protect smallholder women farmers in four North-West India districts across Rajasthan and Uttar ... Read the full article ESA and LM Re sign MoI to explore potential of space applications in parametric insurance 14th January 2026 The European Space Agency’s (ESA) Business Applications and Space Solutions (BASS) has signed a Memorandum of Intent (MoI) with Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, marking the start of a three-year collaboration. The collaboration aims to explore how space applications can support the development of parametric ... Read the full article India’s reinsurance market progressing well, growing interest in parametrics: EDME CEO, Radhakrishnan 12th January 2026 Driven by rising insurance penetration and a deepening of underlying risk pools in India, the country’s reinsurance market is "progressing well,” according to Sanjay Radhakrishnan, Chief Executive Officer (CEO) of EDME Insurance Brokers Ltd. In an interview with Reinsurance News, Radhakrishnan said that in recent years, demand across specialty and infrastructure-linked ... Read the full article Bold Penguin partners with Adaptive for parametric insurance coverage 11th December 2025 Bold Penguin, a digital solutions provider for commercial insurance, has partnered with Adaptive Insurance, a pioneer in AI-driven coverage. The collaboration brings Adaptive’s GridProtect parametric power outage coverage to the Bold Penguin platform, marking the first time a parametric insurance carrier has been integrated into the company’s digital exchange. This partnership will ... Read the full article Parametrix raises $27m in funding round and rolls out new cyber insurance product 9th December 2025 Parametrix, a provider of digital business interruption solutions, has completed a $27 million Series B funding round led by Mundi Ventures, FirstMark Capital, and HDI Group, joined by F2 Venture Capital and several other strategic investors. The round brings total Parametrix funding to $45 million and follows 300% top-line growth in ... Read the full article Parametrix provides rapid claims payments following AWS outage 3rd December 2025 Parametrix, a provider of digital business interruption solutions, has revealed that it has already paid claims to clients affected by the Amazon Web Services (AWS) outage on 20th October 2025, allowing affected businesses to recover quickly. On Monday 20th October, the AWS platform experienced an outage originating in its largest cloud ... Read the full article Red Cross leads pilot of parametric flood insurance in Malawi 2nd December 2025 The Malawi Red Cross Society and the Danish Red Cross, in partnership with African Risk Capacity (ARC) Ltd., JBA Global Resilience, the InsuResilience Solutions Fund (ISF), and the Danish Ministry of Foreign Affairs, have piloted Malawi’s first parametric flood insurance. The project is built on advanced flood-risk modelling with predefined contingency ... Read the full article Humanity Insured brings parametric insurance to Cambodian farmers facing extreme heat 27th November 2025 Humanity Insured, a UK- and US-registered non-profit organisation, has announced a partnership with ARISE to deliver parametric insurance and digital advisory services to support smallholder farmers in Cambodia facing extreme heat. Humanity Insured is a UK- and US-registered charity backed by the insurance industry, working to make advanced insurance solutions accessible ... Read the full article Tower launches parametric Rainfall Response Cover in Fiji 19th November 2025 Auckland, New Zealand–headquartered Tower Insurance has officially launched Rainfall Response Cover in Fiji, its second parametric insurance product, via CelsiusPro’s award-winning White Label Platform. The parametric product is being piloted for the 2025–2026 wet season with support from the UNCDF and Pacific Insurance and Climate Adaptation Programme, and in partnership with ... Read the full article Swiss Re urges bolder investment in Insurance-Linked Loans to strengthen sovereign disaster resilience 17th November 2025 Swiss Re Public Sector Solutions, the arm of the global reinsurer that works with governments, international institutions, and the broader public sector on risk transfer solutions, has suggested now is the time to invest more boldly in insurance-linked loans. Swiss Re says insurance-linked loans, alongside parametric insurance, catastrophe bonds, and contingent ... Read the full article Descartes Underwriting adopts mea Platform to power parametric growth 13th November 2025 Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has adopted mea Platform’s AI products to enhance automation and data orchestration across its underwriting processes. The implementation expands Descartes’ use of AI to deliver faster, more cost-efficient underwriting decisions. This mirrors the speed and precision of ... Read the full article
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