Parametric underwriter Descartes is now offering limits of up to $70mn on the sensor-triggered flood insurance coverage it offers in the UK and Ireland in partnership with flood specialist Previsico.

Indian travel assistance and insurance firm Asego has launched a parametric flight disruption solution in partnership with Collinson.

Parametric risk transfer is gaining the most traction with clients when it is used to cover losses beyond physical damage, Augment Risk's associate partner for parametric solutions in Latin America Alejandro Solorzano has said.

(The Insurer) - Nonprofit InnSure has awarded $5mn of government-backed funding to eight new insurance solutions aiming to support the energy transition.

Technology provider Blink Parametric grew its annual recurring revenue to £1.6mn in 2024, with its automated travel disruption and cyber solutions now included in more than 1.5mn policies.

Parametric risk transfer specialist Arbol has hired Richard Coyle, former commercial director of FloodFlash, as managing director of (re)insurance in the UK.

Alternative risk transfer-focused MGU SRS Altitude has announced its expansion into the North American market with the addition of Milan Pavlik, Amazon's former captive director.

The Centre for Disaster Protection (CDP) has appointed Emily White to the newly created role of chief finance and operations officer.

The government of Pakistan's Sindh province has announced a parametric crop insurance pilot, free to farmers.

Axa has developed a custom structured parametric insurance programme for carbon credits developed by US non-profit Well Done Foundation (WDF) in collaboration with captive (re)insurer AgriCap Group.