Reinsurance News
CelsiusPro
Parametric provider CelsiusPro partners with ECOM to assist Indonesian farmers
19th January 2026
CelsiusPro Group, a provider of parametric insurance solutions for climate risks, has partnered with ECOM Agroindustrial Corp Ltd., a soft-commodities services group specialising in coffee, cocoa and cotton, to provide Indonesian farmers exposed to climate and natural catastrophe risks with parametric insurance cover. The initiative is supported by the University of ... Read the full article
Global Parametrics brings parametric protection to rural women farmers across India
14th January 2026
Global Parametrics, part of the CelsiusPro Group, has partnered with Frontier Markets, a rural social commerce platform, to launch a gender-smart parametric insurance solution in India. This product has been specifically designed and is initially being piloted to protect smallholder women farmers in four North-West India districts across Rajasthan and Uttar ... Read the full article
NDF boosts parametric hurricane protection with increased risk capacity for Corp-EFF
4th August 2025
The Natural Disaster Fund (NDF), managed by the Global Parametrics team (a CelsiusPro Group company), has expanded access to parametric hurricane protection by increasing its risk capacity allocation to Corp-EFF Insurance Company Limited. NDF has provided USD 4.7 million to expand the Flexible Hurricane Protection (FHP) programme, launched in 2022 to ... Read the full article
CelsiusPro appoints Allianz’s Isa Ennadifi as Group CUO
1st August 2025
Parametric insurtech CelsiusPro has appointed Isa Ennadifi, formerly of global insurers Allianz and AXA and reinsurer SCOR, as its new Group Chief Underwriting Officer (CUO). Ennadifi has over 15 years of industry experience, having held senior roles at global insurers and reinsurers. She has a strong track record in actuarial, underwriting, and ... Read the full article
CCRIF launches microinsurance initiative with CelsiusPro & Global Parametrics
9th July 2025
CCRIF SPC, formerly the Caribbean Catastrophe Risk Insurance Facility, has partnered with CelsiusPro and its subsidiary Global Parametrics to launch a new initiative, the CCRIF Microinsurance Facility, which includes a digital insurance administration tool known as the White Label Platform. According to the CCRIF, this platform will enable multiple insurance companies ... Read the full article
The next challenge is to make parametric solutions a mainstream climate finance tool: NDF
4th July 2025
The Natural Disaster Fund (NDF), a public-private partnership managed by Global Parametrics, a CelsiusPro Group company, has gathered increased recognition for its innovative approach to provisioning parametric risk transfer coverage in fragile states. By providing parametric risk capacity, the NDF helps support local and international actors in offering risk transfer solutions ... Read the full article
Drought triggers £261K parametric payout for Pakistan’s chilli farmers
24th June 2025
A severe drought in Pakistan has triggered a £261,243 parametric insurance payout to Tearfund, directly supporting chilli farmers in the southern region of the country. The payout was triggered by a severe period of hot and dry weather resulting in reduced soil moisture in parts of the country. This innovative parametric product ... Read the full article
Global Parametrics becomes coverholder to Canopius Lloyd’s Syndicate 4444
23rd April 2025
Global Parametrics, part of the CelsiusPro Group, and Canopius, an international specialty lines and P&C re/insurer, have announced the signing of a Lloyd’s syndicate coverholder partnership. Under this collaboration, Global Parametric becomes coverholder to Canopius Lloyd’s Syndicate 4444 - one of the largest in the Lloyd's of London marketplace - and ... Read the full article
CelsiusPro expands Climate Resilience Solutions team with five new members
7th April 2025
CelsiusPro Group is strengthening its Climate Resilience Solutions offerings with the addition of a highly experienced Disaster Risk Finance (DRF) team. Joining Global Parametrics, a CelsiusPro Group company since September 2023, the team brings extensive project management and consulting experience from their previous roles at the WTW Climate and Resilience Hub, ... Read the full article
CelsiusPro unveils new platform to ‘revolutionise’ parametric insurance for brokers
29th November 2024
CelsiusPro has unveiled ParameterPro 2.0, a platform that enables brokers to visualise, structure, and model parametric climate and NatCat insurance solutions with "unmatched" speed and precision. According to the firm, this new platform’s initial release focuses on parametric hurricane and earthquake events while providing global access to comprehensive climate and NatCat ... Read the full article
LBIC partners with CelsiusPro to pilot index drought insurance in South Africa
14th October 2024
Land Bank Insurance Company (LBIC) has partnered with CelsiusPro to pilot index insurance in South Africa, offering affordable drought-risk coverage for smallholder crop and livestock farmers. Index insurance is a cost-effective way to protect smallholder and semi-commercial farmers. Payouts are triggered automatically when a pre-agreed index breaches a certain threshold. Since ... Read the full article
CelsiusPro and Tower launch IT platform for parametric cover in the Pacific
12th September 2024
Parametric insurtech CelsiusPro and Tower, a New Zealand and Pacific insurer, have successfully launched the previously announced IT platform for parametric insurance distribution for Tower, beginning with its Cyclone Response Cover in the Pacific Island countries of Fiji and Tonga. The product provides policyholders with rapid cash payouts when their ... Read the full article
Natural Disaster Fund makes $1.45m in payouts in Grenada after hurricane Beryl
19th July 2024
The Natural Disaster Fund (NDF), which is managed by Global Parametrics, a CelsiusPro Group company, has made payouts exceeding USD 1.45 million to enable support for businesses and communities in Grenada following the impacts of hurricane Beryl. CelsiusPro has reported that the NDF, a public-private partnership funded by UK and German ... Read the full article
Global Parametrics and One Acre Fund deliver parametric solution for Zambia and Malawi farmers
12th July 2024
One Acre Fund and Global Parametrics, a CelsiusPro Group company, have partnered to provide financial protection for smallholder farmers in Zambia and Malawi against the financial strain of losing their crop due to drought. Using data collected and verified by One Acre Fund from individual farmers, the companies developed a water-balance ... Read the full article
Climate risk insurance for vulnerable women in India’s informal sector: CelsiusPro
6th May 2024
CelsiusPro’s Global Parametrics team, in collaboration with Mahila Housing Trust, Howden Insurance Brokers Limited, and Go Digit General Insurance, has introduced a pioneering climate risk insurance (CRI) product providing financial protection for women in India's informal sector against extreme heatwaves. In India, where 80% of the workforce operates in the informal ... Read the full article
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