Parametric reinsurance news

Augment Risk, the risk capital and reinsurance solutions broking firm, has expanded its Latin American platform by adding specialist weather parametric and structured weather risk transfer capabilities.

The reinsurance market has seen an increase in risk capacity from dedicated parametric underwriters and capital providers, according to reinsurance broker Gallagher Re, who outlined that as traditional reinsurance pricing begins to soften, parametric solutions remain a “competitive option” offering cedants a practical addition to their volatility protection toolkit.

Global climate risk solutions platform Arbol and Pollen Systems have teamed up to bring to market a first-of-its-kind product that combines parametric insurance with multiple real-time data sources, that are set to address long-standing challenges in agricultural and climate risk coverage.

In the increasingly volatile world of catastrophe risk, the primary hurdle for third-party capital has rarely been the risk itself, but rather the tail; the years-long process of loss adjustment and trapped capital that follows a major event. However, CelsiusPro is making the case that parametric insurance offers a cleaner alternative for institutional investors, according […]

Interactive Brokers’ ForecastEx platform, which allows investors to buy ‘yes’ or ‘no’ contracts based on stated outcomes for specific indicators, is currently seeing temperature contracts as the most frequently traded on the platform, according to the firm’s founder and chairman Thomas Peterffy.

Speaking last week in Mumbai, India at the 2026 IFSCA-IRDAI Global Reinsurance Summit, Shri K. Rajaraman, chairman, IFSCA, highlighted how the regulator is working on a framework that would enable re/insurers to set up reinsurance sidecars in a special purpose insurance (SPI) framework, and standardise parametric solutions to attract global institutional capital.

Descartes Underwriting, a specialist underwriter of parametric risk transfer opportunities, has unveiled a new parametric product suite for data centres, providing flexible capacity of up to $140 million per policy against natural perils that threaten timely completion of construction, commissioning, and ongoing service delivery.

The Bermuda Monetary Authority (BMA) has now launched its awaited consultation process that proposes a dedicated regulatory framework for a new Parametric Special Purpose Insurance (PSPI) class of company (a Parametric Special Purpose Insurer).

Following the launch of Interactive Brokers’ ForecastEx platform, which allows investors to buy ‘yes’ or ‘no’ contracts based on stated outcomes for specific indicators, Artemis spoke to Patrick Brown, Head of Climate Analytics at the firm, about how these contracts allow investors to access risk-linked returns, as well as some of the key advantages they […]

Stonybrook Capital, a specialist investment banking, broking and strategic advisory firm focused exclusively on the insurance and reinsurance industry, has named Dan Butzbaugh as its new Global Practice Leader, Parametric, adding to a raft of recent hiring across the business.