Your search for “micro-insurance”

Risk Management Solutions (RMS) have announced completion of a pilot project looking at the viability of bringing a micro-insurance scheme for earthquake risk to rural China. RMS say that with the appropriate support it is now viable to bring a product to market which could help protect low income households against major earthquakes through a […]

It’s really good to see that the Guardian newspaper, one of the largest circulation news sources in the UK, today carries an article on micro-insurance weather protection for farmers in India and the developing world. We are huge advocates of the potential benefits of these schemes, even though we do believe most currently in operation […]

Munich Re have teamed up with Indonesian insurer Asuransi Wahana Tata to bring an innovative micro-insurance product to Indonesia. The product ‘Alert 1 Manggarai Protection Card‘ offers index-based flood insurance cheaply and easily to low income families in the Indonesian capital Jakarta. The new product started life as a feasibility study between Munich Re (as […]

The United Nations World Food Programme has teamed up with the International Fund for Agricultural Development and the Bill & Melinda Gates Foundation to provide almost $1m in funding to support research and planning for weather index-based insurance schemes aimed at poor rural farmers. This is great and furthers the cause of index-based mechanisms for […]

A new reinsurance fund has been launched to support delivery of innovative insurance products to protect smallholder farmers in Africa, with One Acre Fund Re expected to become a source of capacity to back what will likely be largely parametric risk transfer instruments.

AXA Climate, the parametric specialist risk transfer managing general agent (MGA) unit of global insurance and reinsurance company AXA, has hired former Global Parametrics employee Toby Behrmann to become Head of London Market & Public Private Partnerships at the firm.

Floodbase, which was formerly known as Cloud to Street, has raised a $12 million Series A funding round, while announcing an evolution in its parametric flood risk transfer technology, to allow parametric flood cover to be added to an existing parametric hurricane product.

In a positive move to accelerate and widen the roll-out of important parametric insurance products to protect against climate and disaster risks, the Government of Fiji has exempted them from value added tax (VAT).

Once again, the subject of exchange traded weather hedging instruments has found its way onto the agenda in India, as representatives of an exchange and regulator still look for a way to make this a reality.

Swiss Re Corporate Solutions’ Innovative Risk Solutions team, a division of reinsurance giant Swiss Re, has launched a digital parametric natural catastrophe platform in the U.S. for the small and medium-sized enterprise (SME) market, called Parametric Online Platform (“POP”) STORM.