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.
Floods in Malawi and Mozambique trigger REPAIR’s parametric coverage
30th January 2026
The floods devastating Malawi and Mozambique have triggered the Regional Emergency Preparedness and Inclusive Access to Recovery (REPAIR) programme’s prametric trigger, resulting in a disbursement of over $22.3 million within seven business days to support urgent national flood response operations in the countries, enabling governments to mobilise immediate relief. As participating ... Read the full article
Senegal’s second-largest city secures parametric contract structured by AXA Climate
29th January 2026
Pikine, Senegal’s second-largest city with more than 750,000 inhabitants, has signed a parametric insurance contract against excessive rainfall, structured by AXA Climate, and insured by a consortium of Senegalese insurers, AXA Sénégal, ASKIA Assurances, and SUNU Assurances, reinsured by African Risk Capacity (ARC) Ltd. This insurance will enable Pikine to receive ... Read the full article
Madagascar first African country to adopt sovereign parametric flood product: ARC
28th January 2026
African Risk Capacity (ARC) has launched Africa’s first sovereign parametric flood insurance policy, with the Republic of Madagascar becoming the first country on the continent to subscribe to the new coverage. ARC developed the parametric flood insurance solution in close collaboration with JBA Risk Management and is based on scientific data ... Read the full article
Mantas secures $1.77m for parametric solution to cover cloud service interruptions
27th January 2026
Mantas, a provider of parametric cyber insurance and predictive analytics to help businesses mitigate cloud downtime risks, is launching a parametric-based insurance solution to cover the operational and financial impact of cloud outages and digital risks. For the coverage, the firm has secured a total of $1.77 million in funding from ... Read the full article
Apollo partners with ZenHedge to launch new parametric Freight Expense Insurance solution
26th January 2026
Apollo, a Skyward Group company, has entered into a partnership with ZenHedge, a US-based insurtech start-up, to bring to market Freight Expense Insurance, a parametric insurance solution aimed at shielding US shippers from unplanned freight cost increases driven by trucking carrier tender rejections. ZenHedge’s proprietary platform leverages data drawn from ... Read the full article
Descartes launches parametric product suite for data centres
22nd January 2026
Descartes Underwriting has announced a new parametric product suite for data centres, providing flexible capacity of up to $140 million per policy against natural perils that threaten timely completion of construction, commissioning, and ongoing service delivery. The growing capacity demands of generative AI and other cloud computing services has led to ... Read the full article
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
ESA and LM Re sign MoI to explore potential of space applications in parametric insurance
14th January 2026
The European Space Agency’s (ESA) Business Applications and Space Solutions (BASS) has signed a Memorandum of Intent (MoI) with Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, marking the start of a three-year collaboration. The collaboration aims to explore how space applications can support the development of parametric ... Read the full article
India’s reinsurance market progressing well, growing interest in parametrics: EDME CEO, Radhakrishnan
12th January 2026
Driven by rising insurance penetration and a deepening of underlying risk pools in India, the country’s reinsurance market is "progressing well,” according to Sanjay Radhakrishnan, Chief Executive Officer (CEO) of EDME Insurance Brokers Ltd. In an interview with Reinsurance News, Radhakrishnan said that in recent years, demand across specialty and infrastructure-linked ... Read the full article
Bold Penguin partners with Adaptive for parametric insurance coverage
11th December 2025
Bold Penguin, a digital solutions provider for commercial insurance, has partnered with Adaptive Insurance, a pioneer in AI-driven coverage. The collaboration brings Adaptive’s GridProtect parametric power outage coverage to the Bold Penguin platform, marking the first time a parametric insurance carrier has been integrated into the company’s digital exchange. This partnership will ... Read the full article
Parametrix raises $27m in funding round and rolls out new cyber insurance product
9th December 2025
Parametrix, a provider of digital business interruption solutions, has completed a $27 million Series B funding round led by Mundi Ventures, FirstMark Capital, and HDI Group, joined by F2 Venture Capital and several other strategic investors. The round brings total Parametrix funding to $45 million and follows 300% top-line growth in ... Read the full article
Parametrix provides rapid claims payments following AWS outage
3rd December 2025
Parametrix, a provider of digital business interruption solutions, has revealed that it has already paid claims to clients affected by the Amazon Web Services (AWS) outage on 20th October 2025, allowing affected businesses to recover quickly. On Monday 20th October, the AWS platform experienced an outage originating in its largest cloud ... Read the full article
Red Cross leads pilot of parametric flood insurance in Malawi
2nd December 2025
The Malawi Red Cross Society and the Danish Red Cross, in partnership with African Risk Capacity (ARC) Ltd., JBA Global Resilience, the InsuResilience Solutions Fund (ISF), and the Danish Ministry of Foreign Affairs, have piloted Malawi’s first parametric flood insurance. The project is built on advanced flood-risk modelling with predefined contingency ... Read the full article
Humanity Insured brings parametric insurance to Cambodian farmers facing extreme heat
27th November 2025
Humanity Insured, a UK- and US-registered non-profit organisation, has announced a partnership with ARISE to deliver parametric insurance and digital advisory services to support smallholder farmers in Cambodia facing extreme heat. Humanity Insured is a UK- and US-registered charity backed by the insurance industry, working to make advanced insurance solutions accessible ... Read the full article
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