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.
IDB arranges catastrophe swap for Belize via Swiss Re
18th August 2026
The Inter-American Development Bank (IDB) has issued a parametric insurance coverage for hurricane risk in Belize of up to USD 20 million, subject to a maximum payout of USD 10 million per policy year, backed by Swiss Re, one of the world's leading reinsurance companies. The transaction saw the IDB arrange ... Read the full article
AIG & Parametrix launch cyber parametric solution for cloud service outage losses
14th August 2026
American International Group, Inc. (AIG), a global insurer and reinsurer, has launched a new Parametric Cloud Outage Solution in partnership with Parametrix, a provider of digital business interruption solutions, offering additional cyber protection for clients experiencing business interruption losses from cloud service outages and cloud provider downtime. The solution’s parametric formula ... Read the full article
LM Re & Safehub make ‘first-of-its-kind’ parametric earthquake payout in Peru
13th August 2026
Liberty Mutual Reinsurance Group (LM Re), part of Liberty Mutual Insurance Group, and Safehub have issued a payout for the magnitude 5.8 earthquake in Peru that triggered Safehub’s Shake Network. According to the pair, the earthquake that struck Ica on 19 May 2026 produced significant ground acceleration at multiple client locations. The ... Read the full article
IDF backs Colombia’s parametric insurance scheme for more than 14,000 smallholder farmers
7th August 2026
The Insurance Development Forum (IDF), a global public-private partnership that works with governments, insurers and international organisations to strengthen protection against climate and disaster risks, has announced the launch of a parametric agricultural insurance programme in Colombia designed to help thousands of smallholder farmers manage the financial impact of extreme ... Read the full article
Willis and CBF launch first-of-its-kind coral reef parametric insurance programme
5th August 2026
Willis, a WTW business, and the Caribbean Biodiversity Fund (CBF) have launched a first-of-its-kind parametric insurance programme to protect Caribbean coral reefs. Liberty Mutual will provide capacity, with InsuResilience Solutions Fund (ISF) providing technical assistance and co-finance support. Coral reefs are among the most ecologically and economically significant ecosystems in the Caribbean; ... Read the full article
Munich Re Specialty launches parametric earthquake solution through Lloyd’s Japan
28th July 2026
Munich Re Specialty, supported by the expertise of Munich Re Capital Partners, has launched a parametric earthquake insurance solution for corporate clients in Japan, using the Lloyd’s Japan platform. The parametric earthquake cover is reportedly designed to provide access to liquidity funds following an event, supporting recovery and continuity even in ... Read the full article
Beazley appoints Paul Ramiz as Parametric Underwriter
17th July 2026
Beazley, a large specialist insurer, has announced the appointment of Paul Ramiz as Parametric Underwriter. In his new role, Ramiz will support the global development of Beazley’s parametric insurance offerings and help deliver alternative risk transfer solutions for clients. He brings extensive experience in alternative risk transfer solutions and will help further ... Read the full article
Butzbaugh leads Stonybrook Risk Management’s latest parametric reinsurance transaction
15th July 2026
Stonybrook Risk Management, a licensed reinsurance intermediary and wholly owned subsidiary of Stonybrook Capital, has completed a parametric reinsurance transaction led by Dan Butzbaugh, Global Head of Parametric. While full details of the transaction were not disclosed, Stonybrook said it provides a "fast and unambiguous" claims process responding within days post-event, ... Read the full article
African Risk Capacity appoints David Maslo as CEO
14th July 2026
Africa’s first development-focused parametric insurer, African Risk Capacity Limited (ARC Ltd.), has handed Interim Chief Executive Officer (CEO), David Maslo, the role on a permanent basis, after he successfully led the firm through a period of significant transformation. The Board of ARC Ltd. appointed Maslo as Interim CEO in June ... Read the full article
Adaptive Insurance reaches $10m in funding with new capital injection
7th July 2026
Adaptive Insurance, a company focused on climate resilience using AI and data to offer climate-based parametric insurance, has successfully secured an additional $5 million in financing from new and existing investors. According to the announcement, this capital injection will be used to accelerate Adaptive’s development and distribution of products designed to ... Read the full article
Mexico partners with LM Re for new parametric earthquake and volcanic insurance program
22nd June 2026
The Mexican federal government, through its sovereign disaster risk financing strategy, has deployed a nationwide parametric earthquake and volcanic risk insurance with Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, acting as the lead capacity provider. This parametric insurance solution, brokered by Augment Risk and domestic broker TBS, ... Read the full article
Descartes Underwriting secures Lloyd’s coverholder status through agreement with OAK Global
16th June 2026
Descartes Underwriting, a global provider of parametric insurance solutions, and OAK Global, a specialist risk and underwriting partner, have announced that Descartes has been granted Coverholder status at Lloyd’s, the world's oldest insurance and reinsurance marketplace. Under a newly established binding authority agreement, Descartes Underwriting will write business through OAK Global’s ... Read the full article
Liberty and ICEYE launch new parametric wildfire insurance solution
15th June 2026
As wildfires increase in frequency and severity, Liberty Mutual Reinsurance and ICEYE, a provider of satellite-based disaster management solutions, have partnered to launch a new parametric wildfire insurance solution. This collaboration addresses the urgent need for faster risk solutions for wildfire-prone communities, leveraging high-resolution satellite data to provide immediate, rapid payouts ... Read the full article
Augment Risk outlines parametric opportunity as 2026 World Cup kicks off
12th June 2026
With the 2026 FIFA World Cup underway, Augment Risk has highlighted a range of weather-related hazards across host locations, prompting insurers to increasingly turn to parametric solutions that provide rapid liquidity when predefined conditions are triggered. Global, specialist reinsurance broker Augment Risk has identified extreme heat as a widespread concern affecting ... Read the full article
Descartes and Nextpower launch parametric insurance solution for extreme wind conditions
12th June 2026
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, and Nextpower™, a provider of solar and power technology solutions for utility-scale power plants, have partnered to launch an integrated parametric insurance solution for extreme wind conditions. By leveraging site-level wind data from Nextpower meteorological stations, this ... Read the full article
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