Reinsurance News
Global Parametrics
Humanitarian adoption of cat bonds faces cost, speed, and operational hurdles: Global Parametrics
23rd February 2026
A new report from Global Parametrics has noted that, while catastrophe bond structures can be robust and replicated across different triggers and territories, several hurdles still remain to their effective application in the context of humanitarian organisations. The parametric climate risk insurance provider, part of CelsiusPro Group, has therefore called for ... 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
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 and One Acre Fund deliver parametric crop cover for Nigerian farmers
3rd June 2025
Global Parametrics, part of the CelsiusPro Group, has partnered with One Acre Fund to provide financial protection for smallholder farmers in Nigeria against crop losses caused by drought and end-of-season excess moisture, through the Natural Disaster Fund (NDF). The cover is structured using Global Parametrics’ Water Balance Index (WBI), which leverages ... 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
Global Parametrics appoints Jacob as London Market Business Development Director
10th March 2025
Global Parametrics, a CelsiusPro Group company, has announced the appointment of Ola Jacob as London Market Business Development Director. Jacob will leverage his over 13 years of experience to drive the expansion of CelsiusPro Group's parametric solutions through the London Market, aiding private- and public-sector clients in enhancing their climate resilience. The ... Read the full article
Willis and Global Parametrics announce first payout of parametric policy for coffee farmers in Vietnam
17th February 2025
Willis, a WTW business, and Global Parametrics have delivered a new parametric solution to coffee farmers in Vietnam, backed by the Natural Disaster Fund (NDF) and in partnership with Bao Minh Insurance Corporation, providing timely relief to coffee growers affected by drought. The solution was placed in early 2024 and was ... Read the full article
Tearfund, Global Parametrics, and Humanity Insured launch drought insurance payout in Malawi
7th February 2025
Tearfund, a global Christian charity focused on ending poverty and injustice, has partnered with Global Parametrics, a provider of parametric risk transfer solutions, and Humanity Insured, a UK charity offering insurance to vulnerable communities, to announce the first-ever drought insurance payout for smallholder farmers in Malawi. The £80,000 payout is made ... Read the full article
Global Parametrics partners with Frontier Markets to offer crop Insurance for women farmers in India
23rd January 2025
Global Parametrics, a subsidiary of CelsiusPro Group, has partnered with Frontier Markets, India’s rural social commerce platform, to provide affordable crop insurance to 5,000 women smallholder farmers, benefiting approximately 24,000 individuals in its first year. Global Parametrics has created a parametric drought insurance product based on its Water Balance Index solution, ... Read the full article
NDF supports ARC as lead capacity provider for parametric drought insurance for UN food program
1st November 2024
The Natural Disaster Fund (NDF), managed by Global Parametrics, is playing a crucial role in supporting food security in drought-prone African countries by supporting African Risk Capacity Ltd. (ARC) with risk capacity for the UN World Food Program (WFP). In the Central Sahel region of Burkina Faso, Mali, and Niger, annual ... Read the full article
Global Parametrics names Harry Titherley Business Development Director
24th September 2024
Global Parametrics, a CelsiusPro Group company, has announced the appointment of Harry Titherley as Business Development Director, a London-based role. Titherley brings extensive experience in parametric re/insurance to his new role. He has a strong track record in originating, designing, and placing parametric schemes for various lines of business, as well ... 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
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