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Parametric Covers Are Finally Gaining Traction. Here’s How Companies Can Benefit

Parametric solutions are gaining in popularity, especially for businesses in the crosshairs of natural catastrophe risk. The traditional insurance model insures against specific losses, but in recent years, another model, parametric insurance, has been picking up steam.   “Parametric insurance, sometimes also referred to as index-based insurance, is an insurance product that

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What is the impact of climate change on insurers

The climate crisis will have dramatic impacts on economies and business communities, but the insurance industry could change the narrative through an innovative attitude to coverage. By Arup Chatterjee Principal Financial Sector Specialist, Sustainable Development and Climate Change Department at Asian Development Bank As time wears on, it’s becoming clear

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CCRIF made $15.2m in parametric payouts through 2022 hurricane season

The CCRIF SPC (formerly known as the Caribbean Catastrophic Risk Insurance Facility) has made US $15.2 million in pay-outs to members after hydro-meteorological events that took place during the 2022 hurricane season. While there were no payouts after hurricane Ian, the most impactful event to the insurance, reinsurance and insurance-linked

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