As climate-fuelled disasters become more frequent and intense, companies and countries are experimenting with new models of insurance and financial help to manage risks and losses, among them, ...

Bajaj Allianz General Insurance Company on Monday launched a parametric insurance product ‘ClimateSafe’. The product is intended to provide financial protection to those significantly ...

Some businesses are choosing another option that promises to get them help faster: parametric policies. Allied Market Research forecasts that the global parametric insurance market, which totaled $18 ...

KISSIMMEE, Fla., February 18, 2025--(BUSINESS WIRE)--CREO Group ("CREO"), a portfolio company of Mill Point Capital LLC ("Mill Point"), announced today the ...

validating our approach to reducing manual efforts while enhancing analytical precision. We are also committed to building in public by sharing key parametric features through an open-access ...

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 ...

Instead, leaders should scale innovative finance tools like parametric insurance and adapt them to the specific needs of communities and regions. Parametric insurance provides a payout when a ...

New Delhi: With the changing climatic conditions, be it extreme hot or cold or similar unprecedented situation in flood and cyclone, a unique climate resilient solution — parametric cover for ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Population aging in Korea will pose substantial challenges to the financial sustainability of its public pension system.

Between 2000 and 2019, India experienced the third-highest number of natural disaster events globally. The future looks grim as the frequency and intensity of these disasters are projected to ...

For such ‘parametric’ products, payments are made regardless of actual loss or physical verification. Disaster-prone island countries have largely shifted from the risk retention model and ...

We are thrilled to announce our upcoming August workshops in collaboration with our ArchDaily Pluspartner, Parametric Architecture. These workshops have been thoughtfully curated to empower ...