parametric trigger

African Risk Capacity Limited (ARC Ltd.), the financial affiliate and parametric insurance underwriting entity of the African Risk Capacity (ARC) Group, has now underwritten its first sovereign parametric flood insurance policy for the Republic of Madagascar, expanding protection options available to African nation clients.

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).

A number of specialty insurers are increasingly turning to parametric insurance solutions as an effective tool to help support clean energy deployment, particularly by stabilising revenues and improving access to project finance, according to Jason Kaminsky, CEO, kWh Analytics.

Ministers from the G20, or Group of Twenty recently came together in Johannesburg, South Africa to address major global challenges and ways to promote sustainability, with members underscoring the importance of investing in building sustainable resilience through the use of disaster risk reduction (DRR) tools such as catastrophe bonds and parametric insurance.

Parametrix, a specialist in parametric cloud downtime cyber risk transfer, has confirmed that it has already paid claims to clients that were impacted by the Amazon Web Services (AWS) outage on October 20, 2025.

CCRIF SPC, the Caribbean and Central America Parametric Insurance Facility and Development Insurer, has unveiled a new parametric insurance product, the Livelihood Protection Policy (LPP), in Jamaica as the country continues to deal with the aftermath of Hurricane Melissa.

The Danish Red Cross is piloting a parametric flood insurance program in Malawi with the support of the African Risk Capacity (ARC) as it looks to develop a sustainable solution to make humanitarian funding faster when disaster strikes.

Reflecting on the impacts of Hurricane Melissa, Jamaica’s Prime Minister Dr. Andrew Holness has stressed the importance and effectiveness of responsive disaster risk financing instruments in reducing the country’s debt burden in the aftermath of the hurricane.

As the reinsurance market continues to expand and adapt to the current wave of technological change, increasing capital diversity is enabling the development of new products. At the same time, data-driven enhancements in modeling tools and risk-analysis processes are encouraging a broader range of investors to back reinsurance, according to Willis Re.