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Global Parametrics & Hannover Re back another Arbol-powered weather risk pilot

Global Parametrics and reinsurance giant Hannover Re are together supporting a weather risk insurance pilot scheme that is powered by Arbol’s technology and smart contract driven marketplace for weather risk transfer. The pair are supporting the AGRIBEE Crop Insurance Pilot with capacity to enable the provision of extreme weather protection cover read the full article →

Global Parametrics structures DFID-backed South Atlantic windstorm derivative

Global Parametrics, the parametric and index-based disaster risk transfer company, has structured a windstorm derivative transaction for a business on remote South Atlantic island Tristan da Cunha, with the deal backed by capacity from the UK Government’s Department for International Development, through the Natural Disaster Fund (NDF). The windstorm derivative features read the full article →

Global Parametrics builds out team with weather scientist & software hires

Global Parametrics, the parametric and index-based disaster risk transfer company, has added two hires as it continues to build out its team to meet growing demands for index-based risk transfer and insurance products. Global Parametrics aims to consolidate on its position as a provider of climate and natural disaster risk protection read the full article →

Global Parametrics puts NDF capacity behind Arbol-powered weather risk pilot

Global Parametrics, the parametric and index-based disaster risk transfer company, is putting capacity from the Natural Disaster Fund (NDF) that it manages behind a new weather insurance pilot for coffee farmers in Costa Rica that is powered by Arbol's technology and smart contract driven marketplace for weather risk transfer. To launch read the full article →

Global Parametrics gets Hannover Re backing for new risk transfer fund

Global Parametrics, the parametric and index-based disaster risk transfer company, has launched a new natural catastrophe focused investment fund that has received backing from global reinsurance firm Hannover Re and the German government. Working with the German Federal Ministry for Economic Cooperation and Development (BMZ), the German Development Bank (KfW) and read the full article →

Global Parametrics adds HSBC Global Asset Management (Americas) CEO to Board

Global Parametrics, the parametric and index-based disaster risk transfer company that launched with the backing of the UK and German governments, has added a new senior non-executive director to its board. Deborah A. Hazell currently serves as the Chief Executive Officer (CEO) of HSBC Global Asset Management (Americas), a role in read the full article →

Global Parametrics to use supercomputer to hone climate & seismic models

Global Parametrics, the parametric and index-based risk transfer company that launched with the backing of the UK and German governments, will utilise one of the world's fastest computers to enhance its climate and seismic risk models and help it develop products. Global Parametrics has signed a memorandum of understanding (MOU) with read the full article →

Global Parametrics Natural Disaster Fund to be seeded by DFID

Global Parametrics, the parametric and index-based risk transfer start-up backed by the UK and German governments, is set to receive a seed investment in its insurance-linked Natural Disaster Fund from the UK government's Department for International Development (DFID). A Reuters article first stated that the Department for International Development (DFID) is read the full article →

Global Parametrics Natural Disaster Fund launched with Vision Fund initiative

Global Parametrics, a parametric and index-based risk transfer start-up that’s backed by the UK and German governments, has launched a new climate insurance initiative, targeting African and Asian smallholder farmers, alongside VisionFund International, World Vision’s microfinance arm. The initiative, which has been targeted with meeting 1% of the G7 goal to read the full article →

VisionFund targets Global Parametrics support for recovery lending

VisionFund International, a division of global charity World Vision that oversees the entity’s microinsurance operations, is targeting parametric insurance and risk transfer as a way to back its innovative recovery lending programme. Through collaboration with Global Parametrics, a parametric and index-based risk transfer start-up that’s backed by the UK and German read the full article →