Parametric reinsurance news

Insurance broker and risk adviser Gallagher has collaborated with FloodFlash, a NormanMax company, to launch a new parametric insurance solution designed to protect golf courses from mitigate financial disruption caused by flooding and severe weather.

Willis, a business of insurance and reinsurance broker WTW, has launched a new sensor-based parametric insurance solution designed to protect UK racecourses against localised flooding.

The SEADRIF Insurance Company and the United Nations World Food Programme (WFP) have launched a parametric insurance policy in Lao PDR that will provide pre-arranged financing of up to US$1.1 million, to enable timely support to communities impacted by extreme weather and other natural hazards.

NormanMax Insurance Holdings, the US headquartered parametric insurer and reinsurer, has appointed industry veteran Nick Burkinshaw as Chairman of the NormanMax Syndicate 3939 Advisory Board, supporting the firm’s pure parametric global syndicate in the Lloyd’s marketplace.

The Pacific Catastrophe Risk Insurance Company (PCRIC) has made two separate cyclone payouts, one being an ex-gratia payment of FJD 1.2 million (US $545,000) to the Government of Fiji following tropical cyclone Vaianu, and a $500,000 payout to the Government of the Solomon, after its parametric insurance policy was triggered by cyclone Maila.

As the 2026 Atlantic hurricane season approaches, the government of Cayman is considering expanding its hurricane protection by turning to the insurance-linked securities (ILS) market to potentially issue its own catastrophe bond, while simultaneously expanding its parametric insurance coverage too, Cayman Compass reports.

A new report from global reinsurer Swiss Re has outlined that an array of sensor technologies has transformed how flood risk can be measured, from Internet of Things (IoT) flood sensors and satellite imagery to remote sensing and high-resolution flood models, all of which can play a key role in the future of parametric flood […]

The Lagos State government has contracted a parametric flood-risk insurance policy in the Nigerian insurance market, which is designed to protect up to 4 million vulnerable people, providing up to USD 7.5 million for flood response and recovery.

Algorithmic Insurance Services, Inc., the wholesale broker trading as LIRG, has secured a $15 million quota-share reinsurance arrangement for New York-based managing general agent DLT Alert, underpinning the launch of a new suite of embedded parametric cyber warranty products aimed at cybersecurity solution providers.

As the insurance-linked securities (ILS) market continues to expand, Augment Risk is positioning parametric triggers not merely as a peripheral alternative, but as a central, diversifying asset class defined by its structural independence from traditional indemnity-based retrocession, a shift the firm believes is fundamental to unlocking the next phase of third-party capital allocation.