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.
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
Kairos launches AI driven analytics platform
9th February 2026
Singapore-based boutique insurance solutions consultancy, Kairos Risk Solutions, has introduced the Weather Data Platform, an advanced analytics tool designed to improve climate risk assessment and strengthen the use of parametric insurance solutions with localised, data-driven weather projections. The firm stated that traditional weather models often lose reliability beyond short-term forecasts, limiting ... Read the full article
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
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