parametric reinsurance

Share

Basis risk an issue, but parametric drought risk transfer to expand: Survey

Quality and availability of data is seen as vitally important by insurance and reinsurance market players interested in covering drought related risks, as they seek to reduce basis risk in offerings, a survey from VanderSat has found. Dutch satellite technology firm VanderSat teamed up with AgroInsurance, an agricultural insurance industry knowledge hub, read the full article →

Arbol raises $7m Series A for parametric weather risk platform

Arbol, Inc., the marketplace technology provider that supports parametric risk transfer or weather insurance and utilises smart contracts, has raised a $7 million Series A funding round to help grow its business. Arbol said that the Series A was oversubscribed and completed at much higher valuation from its initial seed funding read the full article →

New pools of capital will look to evolving parametric market: AmWINS Kaplan

The parametric insurance and risk transfer market is evolving rapidly and its ability to provide what are perceived as cleaner contract terms, as well as greater certainty, looks set to be increasingly attractive to alternative sources of reinsurance capital. The parametric insurance marketplace is more than twenty year's old. In fact read the full article →

Swiss Re backs Cover Genius parametric quake cover for California businesses

Global reinsurance company Swiss Re is providing the underwriting capacity for a new parametric earthquake insurance product for businesses in California, partnering with insurtech Cover Genius, underwriting firm Palomar and tech giant Intuit on the launch. Shake Shield, as the parametric quick paying insurance product is being called, is the first read the full article →

Parametrics to grow in areas where indemnity models struggle: panellists

While parametric insurance will never replace indemnity structures, they are expected to be leveraged more widely in areas where indemnity models struggle to provide adequate solutions, according to Richard Chattock, Chief Executive Officer (CEO) at London-headquartered, Insurtech Gateway. On the final day of the virtually held ILS Bermuda Convergence 2020 conference, read the full article →

Arbol lines up $250m non-traditional capacity, targets $1bn+ next year

Arbol, a provider of marketplace technology that supports parametric risk transfer or weather insurance and utilises smart contracts, told us that it has lined up $250 million of capacity from non-traditional market sources to help it expand. Arbol acquired well-known specialist provider of weather risk transfer and weather hedging solutions eWeatherRisk read the full article →

Insurwave bringing parametric triggers to complex commercial lines

Commercial lines focused insurtech platform provider Insurwave has raised £5 million of additional funding to drive further growth and help it expand service offerings for parametric trigger design more broadly into complex commercial insurance and perhaps reinsurance lines. Insurwave is a platform for the insurance ecosystem and among the offerings it read the full article →

FloodFlash scales sensor-based parametric flood cover to larger corporates

Insurtech start-up FloodFlash, which offers an innovative sensor-based approach to support parametric flood insurance triggers, is scaling up its offering with the help of major reinsurance carriers to provide protection to larger corporations. FloodFlash's technology has helped to launch the first property level parametric flood insurance product, utilising water level sensors read the full article →

Philippines gets disaster insurance pilot & $500m disaster contingent loan from ADB

The Asian Development Bank (ADB) has launched its first pilot disaster insurance scheme in the Philippines and has also approved a $500 million loan for the country that is contingent on a natural disaster or public health emergency occurring. The contingent loan facility is similar to the World Bank catastrophe deferred read the full article →

AXA Climate & SatSure partner for global parametric risk transfer solutions

AXA Climate, the parametric specialist risk transfer unit of global insurance and reinsurance company AXA, has partnered with SatSure AG, a provider of decision intelligence solutions using satellite data, to roll-out parametric risk transfer solutions around the globe. AXA Climate will underwrite the parametric risks, presumably on an insurance and reinsurance read the full article →