Ecuador has contracted its first parametric agricultural insurance policies, benefitting up to 10,000 people in smallholder rice and maize farming ...

The frequency and severity of weather catastrophes are on the rise. From devastating hurricanes to prolonged droughts, I see these events exposing a glaring global coverage gap in insurance. Aon ...

Considering its 200-year history, parametric insurance has been slow to adopt, with conventional insurers regarding it as a niche proposition, suited for the hardest-to-insure exposures. Inflation and ...

Disasters such as wildfires are becoming increasingly frequent occurrences, leaving homeowners scrambling for ways to proactively protect themselves and recover financially. Traditional insurance ...

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 ...

In today’s fast-paced and increasingly unpredictable global environment, large enterprises face mounting risks—natural catastrophes, climate-related disruptions, supply chain breakdowns and emerging ...

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, ...

In today's rapidly changing world, risks are evolving. Climate change, rapid technological advancements, and accelerating industrialisation are transforming the global risk landscape. Recent ...

A once-niche form of insurance is going mainstream, attracting major corporations and investors eager to hedge against climate risks and natural disasters, Bloomberg News reported Sunday. Parametric ...

There is an urgent need to design and scale smarter parametric insurance products to close the protection gap and build stronger resilience amid rising severity and frequency of climate risks.Smarter ...

The Bermuda Monetary Authority has launched a public consultation on plans to create a new insurer category to support parametric insurance and reinsurance business, as the island looks to expand its ...