Resources

Glossary

Industry Peril beneficiary type Use Case Scenario Index Type Name Reference Key points
agriculturehurricaneFinancial InstitutionsEmergency Response / Disaster ReliefJamaican credit unionhttps://www.howdengroup.com/news-and-insights/howden-partners-with-skyline-and-munich-re-to-protect-jamaican-farmers-from-extreme-weather-events
https://www.insurancejournal.com/news/international/2022/05/02/665462.htm
https://www.artemis.bm/news/howden-munich-re-skyline-create-jamaican-parametric-hurricane-cover/
https://youtalk-insurance.com/broker-news/howden-partners-to-build-parametric-solution-to-protect-jamaican-farmers-from-extreme
https://iireporter.com/howden-skyline-and-munich-re-develop-parametric-solution-for-jamaican-farmers/
https://insurancemagnet.net/2022/04/28/howden-munich-re-skyline-create-jamaican-parametric-hurricane-cover-9/
tourismviolenceConsumerEmergency Response / Disaster ReliefModelled DataActive assailant
https://www.theactuary.com/features/2021/10/07/boxing-clever-novel-thinking-behind-parametric-products
https://www.instech.co/podcast/gethin-jones-skyline-partners-calum-williams-aegis-london-the-parametric-platform-delivering-new-insurance-solutions
https://riskandinsurance.com/from-nat-cat-covers-to-active-assailant-insurance-options-why-parametric-solutions-are-rising-in-the-risk-mitigation-ranks/
https://www.artemis.bm/news/aegis-aims-to-narrow-active-assailant-insurance-gap-with-parametrics/
agricultureheatstressConsumerPlugging gaps in coverHeat stress protecthttps://www.scor.com/en/news/launch-heat-stress-protect-insurance-protect-dairy-income-climate-change
https://www.icmif.org/news_story/nfu-mutual-launches-new-parametric-insurance-to-protect-dairy-farmers-from-heat-stress-losses/
https://www.reinsurancene.ws/nfu-mutual-launches-innovative-parametric-heat-stress-insurance-for-dairy-farmers/
https://www.itk.fr/en/news/press/itk-launches-heat-stress-protect-insurance-to-protect-dairy-income-from-climate-change-with-skyline-partners-and-scor/
https://insurancedailynews.com/reinsurance-news/post/nfu-mutual-launches-innovative-parametric-heat-stress-insurance-for-dairy-farmers
https://grooming.mobi/insurance/nfu-mutual-launches-innovative-parametric-heat-stress-insurance-for-dairy-farmers/
https://www.nfumutual.co.uk/media-centre/nfu-mutual-skyline-partners-gallagher-and-markel-pioneer-new-parametric-insurance-to-protect-dairy-farmers-from-heat-stress-losses/
https://www.instech.co/insight/best-both-bundling-parametric-indemnity-insurance
https://www.insurancetoday.co.uk/i2023052401.php
https://www.farminguk.com/news/dairy-farmers-urged-to-look-out-for-heat-stress-as-temperatures-soar_62765.html
financial institutioncyberLarge corporatesIntangiblesCYFI tmhttps://www.prnewswire.co.uk/news-releases/intangic-mga-launches-innovative-cyber-parametric-policy-with-backing-from-axa-xl-301773925.html1st cyber parametric insurance; skyline partnered with intangic mga
https://www.insurancejournal.com/news/international/2023/03/16/712530.htm
https://www.insuranceinsider.com/article/2beq1afk5pxa7i17rnu9s/mgas-section/cyber-mga-intangic-launches-in-uk-with-axa-xl-backing-and-parametric-policy
https://www.reinsurancene.ws/intangic-mga-unveils-new-early-warning-tool-for-predicting-cyber-breaches/
https://intangic.com/cyfi_product/
https://www.insuranceage.co.uk/insight/7952669/intangic-mga-launches-with-axa-xl-backed-cyber-parametric-policy
https://youtalk-insurance.com/broker-news/intangic-mga-launches-innovative-cyber-parametric-policy-with-backing-from-axa-xl
https://www.insurancetimes.co.uk/news/new-mga-unveils-parametric-cyber-cover-with-axa-xl-backing/1444096.article
https://www.globalreinsurance.com/home/cyber-mga-intangic-launches-with-axa-xl-backed-parametric-policy/1444089.article
https://www.insurtechinsights.com/axa-xl-teams-up-with-intangic-mga-to-enhance-cyber-insurance-offerings/
https://www.strategic-risk-europe.com/home/london-based-cyber-mga-launches-with-parametric-policy/1444090.article
https://www.artemis.bm/news/intangic-mga-develops-hybrid-cyber-parametric-cover-with-axa-xl-backing/
https://www.businessinsurance.com/article/20230317/STORY/912356224/New-MGA-launches-Axa-XL-backed-hybrid-cyber-parametric-cover
https://coverager.com/intangic-mga-launches-cyber-parametric-policy/
https://ffnews.com/newsarticle/intangic-mga-launches-innovative-cyber-parametric-policy-with-backing-from-axa-xl/
constructionhurricaneSmall businessesPlugging gaps in coverParametric hurricane insurancehttps://www.reinsurancene.ws/vortex-to-launch-supplemental-parametric-hurricane-insurance/
https://www.artemis.bm/news/vortex-teams-with-speedwell-to-take-parametric-supplemental-hurricane-cover-online/
https://www.the-digital-insurer.com/aggregator/vortex-teams-with-speedwell-to-take-parametric-supplemental-hurricane-cover-online-artemis-bm/
https://www.reinsurancene.ws/vortexs-supplemental-parametric-hurricane-insurance-now-available/
https://vortexinsurance.com/supplemental-hurricane-insurance/
https://www.insurance-head.com/2023/06/27/vortexs-supplemental-parametric-hurricane-insurance-now-available/
https://finance.yahoo.com/news/supplemental-hurricane-insurance-now-available-140000432.html
https://www.prnewswire.com/news-releases/vortex-insurance-set-to-launch-supplemental-hurricane-insurance-301763483.html
https://www.prnewswire.com/news-releases/supplemental-hurricane-insurance-now-available-online-301853706.html
https://www.insurance-canada.ca/2023/06/26/vortex-launch-parametric-supplemental-hurricane/
https://www.news-journal.com/supplemental-hurricane-insurance-now-available-online/article_868d1b1a-cb4a-5f15-9fd0-7b503408261f.html
tourismdelays / lost luggageConsumerIntangiblesTravel parametric insurancehttps://www.insurancetimes.co.uk/news/blink-parametric-teams-up-with-travel-insurtech/1440928.article
https://www.insurancetimes.co.uk/news/blink-parametric-partners-with-travel-insurance-mga/1439995.article
https://www.insuranceage.co.uk/insight/7953196/blink-partners-with-broker-on-parametric-travel-cover
https://fintech.global/2023/06/19/blink-parametric-and-getcover-revolutionise-travel-insurance-with-real-time-solutions/
https://www.instech.co/insight/conversation-blink-parametric-transforming-travel-claims-experience
http://www.itij.com/latest/news/blink-parametric-partners-getcovercom
https://techbuzzireland.com/2023/06/20/blink-parametric-launches-with-getcover-com/
leisurerainCompaniesPlugging gaps in coverWeather insurancehttps://www.golfdom.com/when-it-rains-it-pays-parametric-weather-insurance/
https://vortexinsurance.com/how-parametric-rain-insurance-works/
https://thegolfwire.com/vortex-online-insurance-portal/
https://www.reinsurancene.ws/vortex-provides-parametric-rain-cover-to-pga-golf-event/
https://thegolfwire.com/vortex-insurance-pga-magazine/
https://www.artemis.bm/news/msad-backed-vortex-launches-instant-parametric-rain-insurance/
https://vortexinsurance.com/msad-backed-vortex-launches-instant-parametric-rain-insurance/
agriculturefloodSmall businessesEmergency Response / Disaster ReliefKenya flood parametric insurancehttps://www.reinsurancene.ws/swiss-re-to-reinsure-parametric-flood-product-in-kenya/
Emergency Response / Disaster Reliefhttps://fintech.global/2023/05/09/swiss-re-britam-and-oxfam-to-protect-small-scale-farmers-in-kenya-with-parametric-flood-solution/
Emergency Response / Disaster Reliefhttps://www.preventionweb.net/news/climate-change-mitigation-flood-insurance-scheme-launched-protect-small-farmers-kenya
constructionfloodSmall businessesEmergency Response / Disaster ReliefInternet Of Things / SensorFloodflashhttps://www.insurancetimes.co.uk/expert-views/three-trends-driving-the-growth-of-parametric-insurance-in-2021-floodflash/1436308.article
https://equarium.hannover-re.com/2411-parametric-insurance-makes-for-great-flexibility?language=en&translate_once=true
https://thefintechtimes.com/how-floodflash-are-bringing-parametric-insurance-into-the-mainstream/
https://floodflash.co/floodflash-and-munich-re-announce-new-parametric-partnership/
https://aws.amazon.com/blogs/startups/floodflash-event-based-flood-insurance/
https://www.mgaa.co.uk/floodflash-launch-partnership-with-munich-re/
https://www.edf.org/article/can-insurance-save-us-disaster
https://youtalk-insurance.com/news/floodflash/parametric-insurance-everything-you-need-to-know
https://www.insurancetimes.co.uk/news/floodflash-updates-broking-platform-to-address-key-parametric-problem/1441387.article
https://www.vistainsurance.co.uk/blog/floodrisksandparametricinsurance
public institutionpandemic / epidemicLarge corporatesPlugging gaps in coverSompo GRS Epidemic and Pandemic Protection Programhttps://www.artemis.bm/news/sompo-grs-launches-parametric-cover-for-epidemic-pandemic-risk/
https://www.businessinsurance.com/article/20210813/STORY/912343856
https://finance.yahoo.com/news/sompo-global-risk-solutions-offer-144900045.html
https://www.reinsurancene.ws/sompo-global-risks-to-offer-pandemic-risk-protection/
https://www.royalgazette.com/re-insurance/business/article/20210812/holistic-pandemic-protection-offered/
https://www.commercialriskonline.com/sompo-launches-parametric-pandemic-policy/
financial institutioncloud outageCompaniesEmergency Response / Disaster ReliefParametrixhttps://parametrixinsurance.com/insurance-powerhouse-sompo-signs-strategic-collaboration-with-parametrix-to-insure-e-commerce-stores/
https://en.globes.co.il/en/article-parametrix-and-sompo-launch-cloud-outages-insurance-product-1001414222
https://techcrunch.com/2021/05/26/parametrix-insurance-raises-17-5-million-to-offer-cloud-downtime-insurance/
https://www.protocol.com/enterprise/parametrix-cloud-downtime-insurance
https://fintech.global/2022/05/23/parametric-insurance-teams-up-with-ima-for-cloud-downtime-insurance/
https://www.insurancejournal.com/news/international/2021/08/25/628665.htm
https://www.itij.com/latest/news/element-and-parametrix-launch-cloud-outage-insurance-europe
https://www.protocol.com/newsletters/protocol-enterprise/parametrix-cloud-insurance-google-web3
https://finder.startupnationcentral.org/company_page/parametrix
https://www.businessinsurance.com/article/20220517/NEWS06/912349976/Parametric-cloud-downtime-insurance-offered
https://www.insurancejournal.com/news/national/2022/02/01/651671.htm
https://en.globes.co.il/en/article-japans-sompo-teams-with-parametrix-on-web-crash-insurance-1001374274
aquaculturerainSmall businessesEmergency Response / Disaster ReliefCaribbean Oceans and Aquaculture Sustainability FaciliTy COASThttps://www.artemis.bm/news/ccrif-world-bank-issue-first-parametric-fisheries-insurance/
https://www.reinsurancene.ws/ccrif-spc-world-bank-issue-parametric-fisheries-insurance/
https://www.worldbank.org/en/news/feature/2019/09/20/innovative-fisheries-insurance-benefits-caribbean-fisherfolk
https://www.reinsurancene.ws/ccrif-grant-to-fund-expansion-of-parametric-fisheries-product/
https://insuranceday.maritimeintelligence.informa.com/ID1127914/CCRIF-launches-parametric-fisheries-cover
https://www.artemis.bm/news/ccrif-signs-mou-on-parametric-caribbean-fisheries-aquaculture-insurance/
https://reliefweb.int/report/world/caribbean-countries-benefit-access-insurance-fisheries-sector
https://reliefweb.int/report/world/ccrifs-member-governments-purchase-us12-billion-coverage-catastrophe-risk-insurance-202223-against-climate-related-and-seismic-hazards
https://www.ccrif.org/sites/default/files/2023-cari-reg-tech-workshop/Presentations/Session1-CCRIF-Parametric-Insurance-How-It-Works.pdf
https://www.ccrif.org/news/ccrif-makes-first-parametric-insurance-payouts-2021-atlantic-hurricane-season?language_content_entity=en
https://menafn.com/1106548118/Eu-Provides-Us47M-To-Caribbean-Governments-For-Ccrif-Parametric-Insurance-For-2023
https://www.jamaicaobserver.com/news/eu-provides-millions-to-caribbean-for-ccrif-parametric-insurance/
https://today.caricom.org/2021/11/12/ccrif-welcomes-grant-of-e1-million-us1-16-million-from-irish-aid-allowing-five-additional-caribbean-countries-to-access-fisheries-insurance/
https://caricom.org/ccrif-welcomes-grant-of-e1-million-us1-16-million-from-irish-aid-allowing-five-additional-caribbean-countries-to-access-fisheries-insurance/
https://www.financialprotectionforum.org/news/the-launch-of-coast-fisheries-insurance
public institutionearthquakeLarge corporatesEmergency Response / Disaster ReliefDescartes earthquake riskhttps://descartesunderwriting.com/earthquake/
https://www.artemis.bm/news/descartes-aims-to-revolutionise-parametric-earthquake-risk-transfer/
https://descartesunderwriting.com/descartes-underwriting-enters-joint-partnership-with-gem/
https://www.globalquakemodel.org/GEMNews/gem-descartes-partnership-2021
https://descartesunderwriting.com/whitepaper/earthquake-risk-an-underprepared-fatal-peril/
https://www.reinsurancene.ws/descartes-partners-with-global-earthquake-model-foundation/
https://www.preventionweb.net/news/gem-and-descartes-underwriting-announce-partnership-aiming-revolutionize-parametric-approach
https://laptrinhx.com/news/descartes-aims-to-revolutionise-parametric-earthquake-risk-transfer-OnbPW3E/
manufacturingearthquakelarge corporatesEmergency Response / Disaster ReliefQuakehttps://corporatesolutions.swissre.com/insights/knowledge/customer-case-study-parametric-quake-japan.html
https://corporatesolutions.swissre.com/innovative-risk-solutions/parametric-solutions/quake.html
https://www.swissre.com/our-business/public-sector-solutions/our-solutions/quake.html
https://corporatesolutions.swissre.com/insights/knowledge/customer-case-study-parametric-quake.html
https://www.swissre.com/our-business/public-sector-solutions/our-solutions/quake/mexico-earthquake-case-study.html
https://www.swissre.com/reinsurance/property-and-casualty/solutions/parametric-solutions/rapid-response-earthquake-protection-swiss-res-quake.html
agriculturedroughtSmall businessesEmergency Response / Disaster ReliefAfrican Risk Capacity (ARC) droughthttps://www.icmif.org/news_story/african-risk-capacity-provides-innovative-parametric-insurance-policy-to-protect-thousands-in-zimbabwe-from-drought-risk/
https://www.arc.int/drought/
https://www.gov.uk/government/publications/evaluation-of-african-risk-capacity
https://www.instech.co/newsletter/five-approaches-parametric-drought-insurance-parametric-post-issue-24
https://www.artemis.bm/news/african-risk-capacitys-parametric-drought-payout-to-senegal-hits-23m/
https://www.icmif.org/news_story/african-risk-capacity-launches-parametric-insurance-product-against-high-impact-epidemic-risks/
https://www.artemis.bm/news/african-risk-capacity-in-8m-parametric-insurance-payout-to-malawi/
https://reliefweb.int/report/world/parametric-development-insurance-shows-real-impact-african-continent-amidst-calls-increased-climate-finance-run-cop27
https://www.preventionweb.net/news/new-insurance-policy-will-protect-160000-people-senegal-drought
https://www.icmif.org/news_story/support-from-african-risk-capacity-helps-zambia-recover-from-extreme-drought-event-in-2021-2022-agriculture-season/
https://afahpublishing.com/droughts-floods-and-pandemic-illustrate-the-protection-dividend-from-parametric-insurance-solutions/
agriculturehurricaneSmall businessesEmergency Response / Disaster ReliefAfrican Risk Capacity (ARC) tropical cyclonehttps://arc.int/tropical-cyclone
agriculturehttps://au.int/en/pressreleases/20201221/joint-au-arc-press-release-launch-first-parametric-tropical-cyclone-risk
agriculturehttps://reliefweb.int/report/world/launch-first-parametric-tropical-cyclone-risk-insurance-product-africa
agriculturehttps://www.preventionweb.net/news/launch-first-parametric-tropical-cyclone-risk-insurance-product-africa
agriculturehttps://www.artemis.bm/news/madagascar-takes-up-new-african-risk-capacity-parametric-cyclone-insurance/
agriculturehttps://www.theinsurer.com/news/african-risk-capacity-launches-parametric-tropical-cyclone-mechanism/
agriculturehttps://www.preventionweb.net/news/can-parametric-insurance-mitigate-africas-climate-risk
agriculturehttps://www.atlas-mag.net/en/article/arc-launches-a-parametric-insurance-product-against-tropical-cyclones
agriculturehttps://www.reinsurancene.ws/arc-launches-parametric-cyclone-product-in-africa/
agriculturehttps://www.cnbcafrica.com/2020/launch-of-the-first-parametric-tropical-cyclone-risk-insurance-product-in-africa/
agriculturehttps://www.meinsurancereview.com/News/View-NewsLetter-Article?id=75179&Type=Africa
agriculturehttps://www.fanews.co.za/article/short-term-insurance/15/general/1217/launch-of-the-first-parametric-tropical-cyclone-risk-insurance-product-in-africa/30930
agriculturehttps://www.businessinsurance.com/article/20201222/STORY/912338660/Madagascar-takes-ARC%C3%A2%E2%82%AC%E2%84%A2s-parametric-cyclone-cover
agriculturehttps://www.kinanco.com/parametric-products
agriculturehttps://africa.businessinsider.com/apo/launch-of-the-first-parametric-tropical-cyclone-risk-insurance-product-in-africa/wepmnb4
agriculturefloodSmall businessesEmergency Response / Disaster ReliefAfrican Risk Capacity (ARC) river floodhttps://arc.int/river-flood
https://au.int/en/pressreleases/20230606/african-risk-capacity-launches-first-flood-risk-insurance-product-africa
https://www.insurance-head.com/2023/06/19/arc-launches-parametric-flood-product-in-africa/
https://reliefweb.int/report/world/african-risk-capacity-launches-first-flood-risk-insurance-product-africa
https://www.artemis.bm/news/african-risk-capacity-expanding-into-flood-risk-in-2021/
https://www.businessinsurance.com/article/20230612/STORY/912357971
https://beinsure.com/news/african-risk-capacity-parametric-insurance/
https://www.fanabc.com/english/african-risk-capacity-launches-the-first-flood-risk-insurance-product-in-africa/
https://www.commercialriskonline.com/african-risk-capacity-launches-flood-risk-parametric-cover/
https://afahpublishing.com/arc-launches-parametric-flood-risk-insurance/
https://www.esg-insurer.com/news/african-risk-capacity-launches-flood-risk-insurance-product-in-africa/
https://www.reinsurancene.ws/arc-launches-parametric-flood-product-in-africa/
public institutionfloodSmall businessesEmergency Response / Disaster ReliefAxa climate + Swiss RE floodhttps://beinsure.com/news/nigeria-launches-risk-transfer-scheme-parametric-flood-insurance/
ConsumerEmergency Response / Disaster Reliefhttps://www.globalreinsurance.com/home/nigeria-gains-parametric-flood-resilience-scheme/1443151.article
ConsumerEmergency Response / Disaster Reliefhttps://www.globalreinsurance.com/home/idf-calls-for-convergence-of-insurance-and-disaster-risk-management/1443091.article
ConsumerEmergency Response / Disaster Reliefhttps://www.reinsurancene.ws/idf-and-undp-to-lead-on-parametric-flood-insurance-cover-for-lagos-nigeria/
agricultureflood / rain / landslideSmall businessesEmergency Response / Disaster ReliefTata AIG + Swiss Re monsoon Indiahttps://www.reinsurancene.ws/swiss-re-backs-disaster-risk-insurance-scheme-in-nagaland-india/
agriculturehttps://reports.swissre.com/sustainability-report/2020/solutions/strengthening-risk-resilience-2020-highlights/transactions-asia-pacific.html
agriculturehttps://www.swissre.com/risk-knowledge/mitigating-climate-risk/building-resilience-in-india.html
agriculturehttps://www.reinsurancene.ws/swiss-re-helps-indian-state-secure-parametric-insurance-against-flooding/
agriculturehttps://www.artemis.bm/news/swiss-re-tata-aig-collaborate-on-parametric-monsoon-cover-in-india/
agriculturehttps://asiainsurancepost.com/archives/4836
agriculturehttps://insuranceasianews.com/swiss-re-tata-aig-and-india-partner-for-nat-cat-parametric-scheme/
agriculturehttps://www.frankfurt-school.de/en/home/newsroom/news/2021/Maerz/entwicklung-einer-versicherung-f-r-naturkatastrophenrisiken-f-r-nagaland
agriculturerain / frost / humidity / heatwaveSmall businessesEmergency Response / Disaster ReliefHDFC Ergo Rainfall indexhttps://www.hdfcergo.com/commercial-insurance/rainfall-index-insurance
https://hdfcergo.com/commercial-insurance/weather-insurance
https://www.artemis.bm/news/hdfc-ergo-launching-new-weather-index-insurance-pilot-in-india/
https://economictimes.indiatimes.com/wealth/personal-finance-news/hdfc-ergo-covers-farmers-in-maharashtra-under-weather-insurance/articleshow/14098506.cms
agriculturerain / frost / humidity / heatwaveSmall businessesEmergency Response / Disaster ReliefGramcoverhttps://mediabrief.com/exclusive-dhyanesh-bhatt-gramcover/
https://mybigplunge.com/business/gramcover-parametric-insurance-to-protect-farmers-against-weather-vagaries/
https://agrospectrumindia.com/2021/04/08/aicil-gramcover-to-jointly-ensure-better-insurance-penetration-in-rural-india.html
https://agrospectrumindia.com/2021/02/05/gramcover-launches-parametric-weather-shield-insurance-for-farmers.html
https://yourstory.com/2021/03/agriculture-insurance-startup-gramcover-affordable-products
https://motiverge.com/2021/02/08/gramcover-introduces-parametric-insurance/
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Industries

Industry Peril beneficiary type Use Case Scenario Index Type Reference
agricultureavalanchesConsumerEmergency Response / Disaster ReliefInternet Of Things / Sensor
constructionblizzardsFinancial InstitutionsEmerging risksModelled Data
energycyberLarge corporatesIntangiblesSatellite
financial institutiondroughtPublic InstitutionsPlugging gaps in cover
public institutionearthquakeSmall businessesSupply chain disruption
tourismfloodCompanies
leisurefrost
aquaculturehailstorm
heatstress
hurricane
landslide
tornado
tsunami
violence
volcanic eruption
delays
wildfire
rain
pandemic / epidemic
cloud outage
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