Parametric – InsuranceAsia News https://insuranceasianews.com/industry_segments/parametric/ Fri, 12 Dec 2025 08:38:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Descartes shakes things up with Japan earthquake launch, treaty parametric push to drive APAC growth https://insuranceasianews.com/descartes-targets-apac-growth-with-japan-quake-launch-and-treaty-parametric-push/ Wed, 10 Dec 2025 23:30:15 +0000 https://insuranceasianews.com/?p=205424 As traditional cat reinsurance tightens and retentions harden, Descartes is betting big on parametric covers, fresh capacity, and Japan as a launchpad for change, APAC head Ben Qin tells InsuranceAsia News. 

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Descartes Underwriting, in its wider Asia-Pacific push, is pairing its new parametric earthquake product in Japan with a growing pipeline of treaty reinsurance opportunities that tap fresh, non-duplic...

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]]> Tower, CelsiusPro collaborate to launch rainfall parametric cover in Fiji https://insuranceasianews.com/tower-celsiuspro-collaborate-to-launch-rainfall-parametric-cover-in-fiji/ Tue, 18 Nov 2025 03:17:58 +0000 https://insuranceasianews.com/?p=204771 Rainfall Response Cover provides a rapid cash payout when a policyholder is impacted by heavy rainfall, regardless of damage, without the requirement of an insurance assessor’s sign-off.

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New Zealand P&C insurer Tower and Zurich-headquartered specialist parametric insurtech CelsiusPro have signed a partnership to launch a new rainfall parametric solution in Fiji.
Rainfall Response ...

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]]> Amid uninsurable warning, parametric solutions seen as future for addressing rising climate risks https://insuranceasianews.com/amid-uninsurable-warning-parametric-solutions-seen-as-future-for-addressing-rising-climate-risks/ Sun, 16 Nov 2025 23:30:34 +0000 https://insuranceasianews.com/?p=204565 With almost 60% of natural disasters in recent years uninsured, parametric solutions have received almost universal approval as an alternative to traditional underwriting.

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As the world meets in Brazil at the COP30 climate summit, there have been renewed warnings that the insurance industry is facing its own climate crisis, with potential exposures set to test its capaci...

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]]> Philippines pilots first-ever parametric solution for small fisheries https://insuranceasianews.com/philippines-pilots-first-ever-parametric-solution-for-small-fisheries/ Wed, 12 Nov 2025 05:29:12 +0000 https://insuranceasianews.com/?p=204394 Willis and conservation NGO Rare partner with the central government to launch the scheme, which is intended to help protect over 14,200 small-scale fishers in 24 coastal municipalities.

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The government of the Philippines, conservation NGO Rare, and Willis have joined forces to launch the first-ever parametric insurance solution for small-scale fisheries in the Southeast Asian country....

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]]> Hong Kong’s Cyberport aids Otonomi’s US$5m Series A funding round https://insuranceasianews.com/hong-kong-cyberport-aids-otonomis-us5m-series-a-funding-round/ Fri, 31 Oct 2025 03:44:48 +0000 https://insuranceasianews.com/?p=203256 Oversubscribed round for the New York City-headquartered blockchain-enabled parametric insurance platform was also led Hivemind Capital, Rothschild & Co Asset Management, ATX Venture Partners, and Portline Capital.

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Pioneering blockchain-enabled parametric insurance platform Otonomi has successfully completed a US$5 million Series A funding round, with Hong Kong Cyberport among a consortium of distinguished insti...

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]]> Gallagher partners with New India Assurance, Munich Re to create India’s first pandemic parametric https://insuranceasianews.com/gallagher-partners-with-new-india-assurance-munich-re-to-create-indias-first-pandemic-parametric/ Fri, 17 Oct 2025 10:04:23 +0000 https://insuranceasianews.com/?p=202220 The Phoenix Mills has become the first insured in India to be covered against business interruption losses due to pandemic or epidemic outbreaks based on parametric triggers.

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Broker Gallagher has created India’s first pandemic insurance using parametric triggers, underwritten by New India Assurance and reinsured by Munich Re, according to a press release.
Acting as both re...

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]]> 5 APAC takeaways from Monte Carlo as soft market bites https://insuranceasianews.com/5-apac-takeaways-from-monte-carlo-as-soft-market-bites/ Thu, 11 Sep 2025 23:30:42 +0000 https://insuranceasianews.com/?p=199773 Ageas Re and Peak Re also outline plans to deepen their Asian footprint, while property cat rate dips, carrier M&A revival and AI disruption shape conversations at the reinsurer gathering.

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September this year offered a feast for those who love major conferences and associated gatherings.
Not only have the great and good of the marine market been meeting in Singapore for this year’s Inte...

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]]> Typhoon Wipha, flooding unlocks US$2m Seadrif parametric payout in Laos https://insuranceasianews.com/typhoon-wipha-flooding-unlocks-us2m-seadrif-parametric-payout-in-laos/ Thu, 04 Sep 2025 02:43:19 +0000 https://insuranceasianews.com/?p=199158 Payout was made under the new sovereign parametric insurance policy issued by the Asian risk pool in May, which features an annual aggregate trigger.

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Seadrif Insurance made a US$2 million payout to Laos' Ministry of Finance on Monday following reports that over 300,000 people were affected by multiple disaster events between May 2 and August 4.
Thi...

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]]> Parametric insurance must simplify to boost public sector adoption: Seadrif’s Benedikt Signer https://insuranceasianews.com/parametric-insurance-must-simplify-to-boost-public-sector-adoption-seadrifs-benedikt-signer/ Thu, 28 Aug 2025 23:30:40 +0000 https://insuranceasianews.com/?p=198521 Executive director of the Southeast Asia Disaster Risk Insurance Facility outlines its mission to enhance insurance adoption in public sectors by simplifying product design and addressing market gaps.

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To enhance insurance adoption in the public sector, the industry must significantly improve the design, explanation, and distribution of parametric products, according to Benedikt Signer, executive di...

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]]> Asian Development Bank, UN collaborate to launch climate insurance solutions for Fijian small businesses https://insuranceasianews.com/asian-development-bank-un-collaborate-to-launch-climate-insurance-solutions-for-fijian-small-businesses/ Tue, 19 Aug 2025 08:05:42 +0000 https://insuranceasianews.com/?p=197867 Initiative is supported by US$950,000 in technical assistance from the Asia-Pacific Climate Finance Fund.

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The Asian Development Bank (ADB), the United Nations Capital Development Fund (UNCDF), and the UN Development Programme (UNDP) have partnered to design climate insurance solutions for micro, small, an...

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