Reinsurance News
Parametric insurance news
Parametric insurance and parametric reinsurance are growth areas for the industry. We cover news on many forms of parametric risk transfer to provides our readers with insights into developments in the re/insurance market related to parametric triggers.
Parametric insurance utilises catastrophe event, weather, or other data parameters to define payout structures and triggers for contracts. It is considered a fast, pre-defined payout system, with payouts coming due when a specific, objective event occurs and a pre-defined parameter is reached, rather than assessing actual physical loss like traditional indemnity insurance.
This archive features our news on the use of parametric triggers to structure insurance or reinsurance protection, as well as discussion on the benefits of parametric triggers as transparent, fast-paying trigger mechanisms for providing parametric insurance and reinsurance coverage.
ISF supports parametric insurance scheme to protect Indonesia’s coffee and cocoa farmers
18th March 2026
The InsuResilience Solutions Fund (ISF) is co-funding the development and implementation of a national parametric insurance scheme designed to protect Indonesia’s coffee and cocoa farmers from the escalating risks of climate change. The initiative is a collaborative effort with Blue Marble Microinsurance, a London-based InsurTech company, and PT Asuransi Jasa Indonesia ... Read the full article
Guy Carpenter names FloodFlash co-founder Ian Bartholomew as Global Head of Parametric Advisory
17th March 2026
Reinsurance Broker Guy Carpenter has hired Ian Bartholomew PhD, Co-Founder and former Chief Underwriting Officer of parametric flood insurer, FloodFlash, as Global Head of Parametric Advisory. Dr. Bartholomew takes on his new role at Guy Carpenter on June 1st, 2026. He will be based in London and will report to David ... Read the full article
Fitch downgrades ARC’s ratings on sustained earnings volatility
16th March 2026
Fitch Ratings has downgraded African Risk Capacity (ARC Ltd.)’s Insurer Financial Strength (IFS) Rating to ‘BBB+’ from ‘A-’ and its Long-Term Issuer Default Rating (IDR) to ‘BBB’ from ‘BBB+’, reflecting a decline in the firm’s standalone credit quality, which has been revised to ‘bb+’ from ‘bbb-’. The revision of the parametric ... Read the full article
Descartes names Cripps as Business Development Associate, Australia
9th March 2026
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has appointed Will Cripps as a Business Development Associate, further expanding its Australian operations. Cripps joins the Sydney-based team, bringing specialist expertise in the agricultural sector. In the past, he has gained extensive experience deploying IoT sensors across ... Read the full article
Madagascar secures $29m parametric payout following tropical cyclones
5th March 2026
Following tropical cyclones Fytia and Gezaniver, which affected more than half a million people and caused widespread damage to infrastructure, livelihoods and essential services across several regions of Madagascar, $29 million has been mobilised to support response and recovery efforts through a combination of pre-arranged parametric financing solutions facilitated by ... Read the full article
Four leading development risk pools consider joint reinsurance and risk finance platform
2nd March 2026
The four leading development insurer parametric risk pools — Pacific Catastrophe Risk Insurance Company (PCRIC), African Risk Capacity (ARC), Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC), and Southeast Asia Disaster Risk Insurance Facility (SEADRIF) — have agreed to examine the feasibility of a shared risk finance and reinsurance platform designed ... Read the full article
Mosaic and Munich Re introduce AI-specific insurance for developers
27th February 2026
Mosaic Insurance, a specialist insurer, has partnered with Munich Re, an international reinsurer, to offer a new insurance product tailored to the needs of AI providers. The scheme draws on Munich Re’s aiSure platform, a recognised tool for evaluating AI risks, to cover exposures not typically addressed by conventional cyber or ... Read the full article
Blue Marble makes ‘largest ever’ parametric payout to smallholder farmers in Indonesia
26th February 2026
Blue Marble, a firm that provides insurance protection for underserved communities, has reportedly made the largest parametric insurance payout ever recorded to smallholder farmers in Indonesia, with all 2,719 farmers enrolled in the program receiving payouts and total claims exceeding IDR 2.4 billion. According to Blue Marble, the recent floods in ... Read the full article
Liberty Mutual and Floodbase launch instant parametric flood quoting tool for US market
24th February 2026
Liberty Mutual, a US insurance provider, and Floodbase, a platform specialising in flood risk solutions, have launched an instant quoting application for parametric flood reinsurance in the United States. The tool enables wholesale and retail brokers to price parametric flood cover within minutes, simplifying a process that has traditionally been complex ... Read the full article
Solomon Islands records first climate risk insurance payouts following January heavy rainfall
24th February 2026
The Central Bank of Solomon Islands (CBSI), the country’s monetary authority responsible for maintaining financial stability and supervising the banking sector, has successfully completed the first payouts under Solomon Islands’ climate risk parametric insurance programme. The payments were triggered by the heavy rainfall event in January 2026 and were processed through ... Read the full article
Ecuador contracts first parametric insurance for climate-vulnerable farmers
23rd February 2026
Ecuador has contracted its first parametric agricultural insurance policies, benefitting up to 10,000 people in smallholder rice and maize farming households against extreme rainfall and drought risk, marking a major milestone for the Tripartite Agreement Programme, a public-private partnership between the Insurance Development Forum (IDF), the United Nations Development Programme ... Read the full article
Augment Risk adds weather and parametric risk capabilities to its LatAm platform
19th February 2026
Augment Risk, a risk capital and reinsurance solutions broker, has expanded the capabilities of its Latin American (LatAm) platform to include specialist weather parametric and structured weather risk transfer capabilities. The broker explained that this expansion aligns with its capital first philosophy, structuring risk solutions around clients’ financial and liquidity needs, ... Read the full article
Beazley survey finds risk convergence driving insurance investment in 2026
12th February 2026
Specialist insurer Beazley has found that businesses worldwide are navigating a more interconnected risk environment in 2026, with technology and geopolitical pressures emerging as the joint leading concerns. In its latest Risk & Resilience survey, Beazley reports that organisations are responding by embedding insurance and structured risk management more deeply into ... Read the full article
Parametrix strengthens cyber & digital infrastructure solutions with three new hires
10th February 2026
Parametrix, a provider of digital business interruption solutions, has announced the hire of three specialists that will support the accelerating demand for its cyber, contingent business interruption, and data centre insurance solutions. Due to high demand for new ways to manage cyber, technology downtime, and Service Level Agreement (SLA) exposure, Parametrix’s ... Read the full article
Arbol and Pollen Systems partner on ‘first-of-its-kind’ parametric product
9th February 2026
Arbol and Pollen Systems have partnered to bring to market a "first-of-its-kind" product that combines parametric insurance with multiple real-time data sources, addressing long-standing challenges in agricultural and climate risk coverage. The initiative is strengthened by location intelligence leader Esri and Omniris, which provides the underlying geospatial data platform and AI-driven ... Read the full article
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