Parametric insurance has existed for over 20 years, but its use has grown recently due to new technologies and data sources.
Parametric solutions are now available for reinsurance, corporate insurance, SME insurance and personal line insurance, and have extended beyond natural catastrophes and weather to travel, cyber, non-damage business interruption and supply chain among other lines of business.
Our new report, ‘Parametric Insurance in 2022: the 150+ companies to watch’, is now available and examines the current parametric insurance market and reviews the companies operating in this space.
What to expect from the report
The report will provide an overview of the current state of the parametric insurance market, what has changed since 2020 and where there are opportunities for innovation.
We have identified over 150 companies active in parametric insurance, from insurers and MGAs to those providing data, models and distribution capabilities.
We will be providing a description of what each company is offering, with an extended write up for the companies we have been working closely with as InsTech members.