parametric trigger

While the rising risk of a Super El Niño remains highly uncertain in both geography and magnitude, parametric trigger designs can add a crucial layer of granularity to climate coverage. According to Mark Rueegg, CEO of CelsiusPro Group, this flexibility ultimately allows both insurers and the insured to adapt to volatile climate conditions.

The World Bank has begun work on a proposed project to deliver a parametric earthquake catastrophe bond for Nepal, targeting US $80 million to US $190 million of fully-collateralized disaster risk financing from the capital markets for the South Asian country.

African Risk Capacity Limited (ARC Ltd.) the financial affiliate and parametric insurance underwriting entity of the African Risk Capacity (ARC) Group, has appointed David Maslo as its permanent CEO, following his successful tenure as interim leader during a period of significant transformation for the company.

Adaptive Insurance, a climate resilience company and parametric start-up, has successfully secured an additional $5 million in financing from new and existing investors, which will be used to accelerate Adaptive’s development and distribution of specialty products designed to address the growing risks related to climate and weather events.

At the July 1st 2026 reinsurance renewals property catastrophe excess of loss programmes in Latin America (LatAm) saw rate reductions fall in the range of 15% to 20%, while parametric products gained significant traction across the market, reports broker Howden Re.

The Dominican Republic has become the first country in Latin America and the Caribbean to fully integrate parametric insurance into its adaptive social protection system, utilising a solution developed by the Tripartite Agreement, a public-private partnership between the Insurance Development Forum (IDF), UNDP, and Germany’s BMZ via the InsuResilience Solutions Fund (ISF).

The Natural Disaster Fund (NDF), a largely parametric risk transfer focused public-private partnership funded by UK and German governmental entities and managed by Global Parametrics (part of CelsiusPro Group) has signed up a major new capacity provider in global re/insurer MS Amlin.

Liberty Mutual Reinsurance (LM Re), the reinsurance arm of the insurance group, and Safehub, a provider of seismic sensor and risk management technology, have partnered to provide the Mexican federal government with a new nationwide parametric earthquake and volcanic risk insurance solution.

Descartes Underwriting, the parametric risk transfer specialist, and OAK Global, the specialist Lloyd’s underwriting company, has announced Descartes’ approval as a Coverholder at Lloyd’s, which will see the firm underwrite parametric policies through OAK Global’s Syndicate 2843, bringing new risks to the London market.

The Board of the World Bank has approved a new $400 million program that aims to boost Morocco’s resilience against climate, disaster, and cyber risks, with catastrophe bonds and other forms of insurance risk transfer including parametric triggers mooted as part of the program outcomes.