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 ...

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 ...

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 ...

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 ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Enterprises constantly need to think a ...

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 ...