parametric reinsurance


Swiss Re CorSo uses IoT seismographs for responsive parametric triggers

Swiss Re Corporate Solutions, the commercial risk focused arm of the global reinsurance firm, has partnered with a provider of compact internet-connected seismographs in Japan, enabling it to use more responsive, in-situ, parametric trigger data sources. One of the problems with parametric earthquake insurance, or risk transfer and reinsurance, has always read the full article →

Global Parametrics, ERN & Ingeniar develop first parametric landslide risk transfer

A new risk transfer product for urban landslides in the Manizales area of Colombia has been developed by Global Parametrics alongside Latin American catastrophe risk modeler ERN and Ingeniar, a private advisor on risk management to the local government of Manizales. The product is being called the first parametric urban landslide read the full article →

Super’s direct-to-consumer parametric pays in 3 days after Acapulco quake

The direct to consumer parametric earthquake insurance product offered by Super Seguros Inc. in the Latin American market was triggered by the recent M7.0 quake that struck the Acapulco region of Mexico, its founder told Artemis. Super Seguros launched it consumer focused parametric insurance offering with reinsurance backing from global player read the full article →

Fiji exempts parametric climate & disaster insurance from VAT

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). It's the first time we know of where a government has moved to make disaster insurance more read the full article →

Swiss Re CorSo settles parametric hurricane Ida claim

Swiss Re Corporate Solutions, the large commercial risk specialist unit of the global reinsurance firm, has already settled one parametric insurance claim, after a clients parametric trigger was breached by hurricane Ida's wind speeds. With hurricane Ida making landfall at Category 4 strength, with sustained winds recorded on the ground at read the full article →

Reask helps Swiss Re CorSo expand parametric wind cover worldwide

Swiss Re Corporate Solutions, the large commercial risk specialist unit of the global reinsurance firm, is expanding the utility of its parametric tropical cyclone insurance product with the help of Reask, a climate analytics and data company that uses machine learning techniques. Reask is helping Swiss Re Corporate Solutions to expand read the full article →

Indonesia launches US $500m risk pooling facility. Risk transfer a goal

The government of Indonesia has launched a new disaster risk pooling facility that will initially have more than US $500 million of capacity available to help pay for the economic costs of natural catastrophes and severe weather events, but with a future goal of transferring some or all of the read the full article →

Arbol’s Captive+Parametric to help corporations manage climate risk

Arbol, a technology-led company focused on parametric risk transfer and weather insurance markets, has launched an intriguing new solution named Captive+Parametric, which is designed to help corporations better manage climate risk and climate change exposure, with the help of parametric risk transfer to captive structures. Launched in Vermont yesterday, Arbol, which read the full article →

Hailios aims to close the hail insurance gap with parametrics & sensors

Regular readers know we love a parametric trigger where the data inputs are sensor-derived and located on-site for the insured or covered party. Hailios is doing this for hail coverage, an area where significant gaps in insurance protection are often evident. Hailios has developed its own sensor technology for sensing and read the full article →

Arbol’s climate data network dClimate gets Mark Cuban investment

Things are hotting up in the weather risk management and parametric risk transfer technology space and Arbol, a smart contract, parametric risk transfer and weather insurance marketplace technology provider is one of the companies leading the charge. Arbol's founders have launched dClimate, a decentralized network for climate data and now received read the full article →