Two parametric risk transfer deals are set to pay out to Jamaica following Hurricane Melissa, according to Willis Re. The hurricane triggered the country’s US$150 million World Bank sovereign bond, ...

Once seen as a niche tool for specialized risks, parametric insurance is accelerating into the mainstream insurance market, driven by rising climate volatility, better data, and a growing appetite for ...

During a panel session earlier today at the ILS Bermuda Convergence 2025 conference, it was announced that the Bermuda Monetary Authority (BMA) is currently in the final stages of implementing a new ...

Independent insurance broker Lockton has unveiled its new Global Parametric Insurance Practice, created to help businesses adopt cost-effective alternative risk solutions, and address the widening gap ...

‘FLUX: Architecture in a Parametric Landscape’ focuses on the radical evolution of computational and material technologies that, during the last 25 years, have catalyzed one of the most creative and ...

The staggering economic costs associated with increasing climate-related disasters have propelled small island states like Fiji to use innovative tools like parametric climate insurance, which is ...

If you liked this story, share it with other people. Over two decades, between 2000 and 2019, India faced the third most number of natural disaster events in the world. Future prospects are grim – ...

The government of Puerto Rico’s first attempt to source parametric insurance from the capital markets through a catastrophe bond appears to have been well-received by the market, as the Puerto Rico ...

He avoided the spotlight, but he helped bring to market an explosively popular computer program that revolutionized the architecture and design industries. By Alex Williams John Walker, a ...