In the current hard real estate insurance market—in which rates are rising, underwriting criteria is stricter and insurers are writing fewer policies—parametric insurance may be an option for property ...

The frequency and severity of weather catastrophes are on the rise. From devastating hurricanes to prolonged droughts, I see these events exposing a glaring global coverage gap in insurance. Aon ...

Parametric insurance is a growing category and the Caribbean Catastrophe Risk Insurance Facility, which was established as the world’s first multi-country risk pool using parametric insurance, ...

MINDANAO, Philippines — Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the ...

Accessing parametric insurance policies is crucial to cover the insurance gap for a myriad of events that include man-made or natural catastrophes. Parametric insurance is an innovative alternative, ...

Parametric insurance products can help to address the increasing protection gap arising in respect of climate-related physical risk. As AI and data-collecting technology develops, more business areas ...

THE Philippine Crop Insurance Corp. (PCIC) is eyeing partnerships with the private sector for flood monitoring tools to expedite claims processing. According to PCIC President Jovy C. Bernabe, their ...

There’s a new insurer in town – an artificial intelligence-driven parametric insurer, Mythen. Founded by insurance technology veteran Sandra DeSilva, Mythen “combines advanced AI, machine learning, ...

THE Philippine Crop Insurance Corp. (PCIC) is looking for partners to provide reliable flood-monitoring data to support its recently launched parametric insurance program for rice farmers. PCIC ...

Ecuador has contracted its first parametric agricultural insurance policies, benefitting up to 10,000 people in smallholder rice and maize farming ...