The increase in frequency and severity of natural disasters, driven by climate change, has highlighted the need for quicker and more efficient claims processes, which drives the growth of parametric ...

The Index-Based Insurance market was the largest segment in 2024; it accounted for 35% of the revenue share. It is for its efficacy and scalability, particularly in agriculture- and disaster-prone ...

MIAMI, July 14, 2025 /PRNewswire/ -- Mark Groenheide, a driving force in the parametric insurance world, propelled parametric insurance into the mainstream, fueled by a string of successful, swift ...

As the 2026 Atlantic hurricane season approaches, the government of Cayman is considering expanding its hurricane protection ...

(MENAFN- EIN Presswire) Agricultural Parametric Insurance Market to Reach $11.3 billion, Globally, by 2033 at 6.5% CAGR NEW CASTLE, DE, UNITED STATES, August 22, 2025 /EINPresswire / -- Allied Market ...

Speed of claims payout is one of the main advantages of parametric insurance over traditional coverage. Another is the breadth of financial loss that can be claimed in the payout of these policies.

Descartes Underwriting has appointed Jean Hermelin as chief strategy officer, as it looks to accelerate growth and expand its ...

Parametric insurance is characterised by offering predefined pay-outs that will be paid based on predetermined events or parameters taking place, regardless of the actual loss caused. This blog sheds ...

https://www.thehindubusinessline.com/economy/agri-business/parametric-insurance-a-financial-lifeline-for-rural-india-in-the-wake-of-climate-change/article69774183.ece ...

New Delhi: State-owned New India Assurance will this month launch a parametric insurance product, which will provide a financial safety net to its retail and business customers against climate risks, ...

Former MD & CEO Raheja QBE General Insurance Co. Ltd., Praveen is a recognised thought leader. For over 40 years he has been a freelance writer with a history of long association with the TOI. He ...

A London-based company has built a specialty managing general agent developing parametric insurance products for ...