Augment Risk, an innovative reinsurance broker that offers bespoke solutions to its partners, today announced the launch of its Global Parametric Specialty division. Augment Risk was established ...

Traditional indemnity insurance pays out based on the cost of the loss incurred. Parametric insurance pays out when a predefined loss event occurs and the loss event exceeds a specific dollar or index ...

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As Jamaica continues to feel the effects of increasingly severe weather events, BCMG Insurance Brokers has launched a new parametric insurance product designed to close a long-standing gap in the ...

Blockchains can help to insure the world’s uninsured, but daunting challenges remain: How does one explain crop insurance to indigent farmers? A new insurance world is coming where smart contracts ...

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LONDON--(BUSINESS WIRE)--The increased frequency of weather events, like severe storms and flooding, pose a real threat to communities which may struggle to find sufficient protection through ...

On Dec. 13, 2024, New York Governor Kathy Hochul signed a bill integrating parametric insurance into the state’s existing legal framework for insurance products under the New York Insurance Law (“NYIL ...

The Bermuda Monetary Authority plans to launch a public consultation later this year on a new framework for parametric insurance products, a move aimed at helping close the global protection gap and ...