The National Commodity and Derivatives Exchange (NCDEX) has expanded its range of parametric weather derivative products, launching a futures contract to enable participants to hedge the financial...
A new study co-authored by catastrophe modelling and climate analytics specialist Reask, has demonstrated how advanced downstream forecast analytics can eliminate basis risk in parametric insurance...
The Nature Conservancy’s (TNC) Hawaiʻi parametric coral reef insurance policy will pay for damage assessment and reef repairs for the first time since it purchased the United States’ first such...
Given that both the intensity and frequency of severe convective storm (SCS) events continue to steadily rise, Descartes Underwriting has indicated that the use of highly-responsive parametric...
American International Group (AIG) said it launched a new Parametric Cloud Outage Solution, providing clients an additional layer of cyber insurance protection to help them recover faster from...
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has issued a parametric payout for the 5.8 magnitude earthquake that struck Peru in May and activated Safehub’s Shake...
By Russ Banham The line between traditional indemnity insurance and parametric solutions is fading. Although carriers have offered both for decades, operational silos kept them separate: indemnity...
A new report from Fitch Ratings has suggested that insurance-linked securities (ILS), catastrophe bonds, and parametric insurance solutions can help re/insurers innovate in order to balance the...
As the buildout of AI and digital infrastructure continues to expand across the re/insurance industry, driving insurance-linked securities (ILS) into this emerging sector relies heavily on key...
After a magnitude 7.3 earthquake struck just off the southern coast of Mexico on Friday, analysis suggests this event was a near-miss for attaching the parametric trigger of one tranche of notes from...