Parametric

Bold Penguin Adds Parametric Coverage With Adaptive Partnership

Health Insurance /
Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

Bold Penguin announced a partnership with Adaptive Insurance, expanding coverage options available through the Bold Penguin Placement Desk. Adaptive is pioneering the path to resilience in the face of emerging climate risks, starting with their GridProtect parametric power outage coverage. Adaptive is the first parametric insurance carrier to be included in the Bold Penguin platform. […]

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Philippines partners with Willis on parametric insurance for small-scale fishers :: Insurance Day

Home Insurance /
Philippines fisher

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Jamaica to Get 2nd Parametric Insurance Payout for Excess Rainfall From Storm Melissa

Health Insurance /
Jamaica to Get 2nd Parametric Insurance Payout for Excess Rainfall From Storm Melissa

The Caribbean parametric insurer, CCRIF SPC, announced it will make a second payout of US$21.1 million to the government of Jamaica – a policy triggered by excess rainfall from Hurricane Melissa. This payout follows the CCRIF’s first record payment of US$70.8 million to Jamaica to cover damages from Hurricane Melissa triggered by modeled losses from

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Jamaica to Get Record $70.8M Parametric Payout From CCRIF for Hurricane Melissa

Life Insurance /
Jamaica to Get Record $70.8M Parametric Payout From CCRIF for Hurricane Melissa

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced it will make a payout of US$70.8 million to the government of Jamaica to cover damages from Hurricane Melissa. This marks the largest single payout in the history of CCRIF, the Cayman Islands-based parametric catastrophe facility. Subject to final model verification, this payout will be made within

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Liberty Mutual Re, Safehub Launch Parametric EQ Insurance Cover

Health Insurance /
Liberty Mutual Re, Safehub Launch Parametric EQ Insurance Cover

Liberty Mutual Reinsurance (LM Re) and Safehub, a provider of seismic sensor and risk management technology, announced the launch of an earthquake parametric insurance solution, called “ShakeNet Parametric.” With capacity provided by LM Re and is triggered by the highest-resolution regional shaking data available globally, provided by Safehub. At the core of this product is

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