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.

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.

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

Approximately 722,000 farmers in Zambia have received parametric insurance payouts under the country's Farmers Input Support Programme (FISP) after drought conditions in 2023 and 2024.

Regional risk pool CCRIF SPC plans to offer parametric coverage for fluvial flood risk to the governments of Guyana and Suriname for the 2025/26 policy year, which begins on 1 June.

In our first monthly edition of the year, Sustainable Insurer outlines five key trends that look poised to have the sector talking throughout 2025…

Reinsurance broker Augment Risk has continued to build out its parametric practice with the hire of Alejandro Solorzano from MGA XS Global, Parametric Insurer can reveal.