Parametric insurance pays out based on whether or not an event, such as a natural disaster, happens within the parameters of your policy. If you are a homeowner, parametric insurance can be a good ...

Parametric insurance products can help to address the increasing protection gap arising in respect of climate-related physical risk. As AI and data-collecting technology develops, more business areas ...

In the current hard real estate insurance market—in which rates are rising, underwriting criteria is stricter and insurers are writing fewer policies—parametric insurance may be an option for property ...

Climate variability is creating a major protection gap for global farmers with many unable to afford traditional insurance an ...

MINDANAO, Philippines — Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the ...

The frequency and severity of weather catastrophes are on the rise. From devastating hurricanes to prolonged droughts, I see these events exposing a glaring global coverage gap in insurance. Aon ...

Accessing parametric insurance policies is crucial to cover the insurance gap for a myriad of events that include man-made or natural catastrophes. Parametric insurance is an innovative alternative, ...

Parametric insurance offers rapid payouts triggered by predefined weather thresholds. Awareness, affordability and trust ...

Parametric insurance is a growing category and the Caribbean Catastrophe Risk Insurance Facility, which was established as the world’s first multi-country risk pool using parametric insurance, ...

If your home was destroyed by a sudden disaster that you couldn't control, you would hope that at the very least, your insurance would cover your losses. However, disaster risk financing systems are ...

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The SEADRIF Insurance Company and the Food and Agriculture Organization of the United Nations (FAO) have launched an ...