Line of business: Parametric Page 3 / 4
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- 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.
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- 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.
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- 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.
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- 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".
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- September 7 2022
Supply squeeze pushing up Asia nat cat treaty pricing
After TMK and Axis Re exits, hardening market drives cedants to alternatives such as ILS, parametric or structured solutions.
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- July 5 2022
China explores parametric expansion after costly floods
Henan is the latest province to trial the cat innovation after payment was triggered in Guangdong last month.
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- July 1 2022
China’s Henan province launches pilot cat scheme
Local government wants to boost protection in six cities after dramatic floods last year.
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- May 13 2022
Reinsurance pool to fall ‘short of expectations’: Aussie coverholder
Redicova, a provider of parametric wind insurance, predicts a 10% reduction in premiums.
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- April 29 2022
Munich Re Asia exec: Covid-19 not a Black Swan event like 9/11
Underwriter tells Lloyd's webinar that pandemics are on the increase - and parametric cover can help.
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- April 13 2022
Asia’s agri market sees parametric growth
The sector is faced with a significant protection gap that needs more innovative underwriting.
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- February 14 2022
MGA FloodFlash targets Japan, Australia after raising US$15m
Investors in the parametric insurtech include MS&AD Ventures and Munich Re Ventures.
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- January 31 2022
Descartes Underwriting eyes Hong Kong after US$120m raise
The parametric specialist is also seeking to expand its Singapore and Sydney hubs.
