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2023-05-29

Parametric Insurance Trends on the Horizon against Climate & Emerging Risks

Parametric insurance is gaining ground as a preferred alternative to traditional insurance products. Especially as corporate budgets and market capacity tighten amidst extreme weather losses, and continued uncertainty from climate change and the global inflation crisis. Discover the new trends emerging for parametric products as more corporate clients around the world seek out parametric products.

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Blogs — Descartes https://descartesunderwriting.com/ Descartes Underwriting offers a new generation of parametric insurance against climate risk. Tue, 30 Apr 2024 16:04:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.1 https://descartesunderwriting.com/wp-content/uploads/2021/12/cropped-Descartes_logo-icon_RVB-DARK-150x150.png Blogs — Descartes https://descartesunderwriting.com/ 32 32 Parametric Insurance Trends on the Horizon against Climate & Emerging Risks https://descartesunderwriting.com/blog/parametric-insurance-trends-an-alternative-insurance/ Mon, 29 May 2023 08:32:02 +0000 https://descartesunderwriting.com/?post_type=blog&p=110761 Parametric insurance is gaining ground as a preferred alternative to traditional insurance products. Especially as corporate budgets and market capacity tighten amidst extreme weather losses, and continued uncertainty from climate change and the global inflation crisis. Discover the new trends emerging for parametric products as more corporate clients around the world seek out parametric products.

The post Parametric Insurance Trends on the Horizon against Climate & Emerging Risks appeared first on Descartes.

]]> Parametric insurance is gaining ground as a preferred alternative to traditional insurance products. Especially as corporate budgets and market capacity tighten amidst extreme weather losses, and continued uncertainty from climate change and the global inflation crisis. Discover the new trends emerging for parametric products as more corporate clients around the world seek out parametric products.

The post Parametric Insurance Trends on the Horizon against Climate & Emerging Risks appeared first on Descartes.

]]> Parametric Insurance: Climate Risk Solutions in Southeast Asia https://descartesunderwriting.com/blog/renewable-energy-agriculture-tourism-industries-going-parametric/ Wed, 12 Apr 2023 12:55:23 +0000 https://descartesunderwriting.com/?post_type=blog&p=110738 Descartes Underwriting’s Head of Southeast Asia, Robert Drysdale, sat down to share his insights on current insurance market conditions across the region. As climate volatility continues to evolve, the region continues to experience Nat Cat risks, inevitably having a direct toll on the insurance industry. Industries like the renewable sector, tourism and manufacturing are starting […]

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]]> Descartes Underwriting’s Head of Southeast Asia, Robert Drysdale, sat down to share his insights on current insurance market conditions across the region. As climate volatility continues to evolve, the region continues to experience Nat Cat risks, inevitably having a direct toll on the insurance industry. Industries like the renewable sector, tourism and manufacturing are starting to go parametric to cope with the mounting pressure. Read on to hear from Robert on how parametric insurance provides a great risk alternative for industries across Southeast Asia facing the full brunt of climate risks amidst a challenging insurance market context.

The post Parametric Insurance: Climate Risk Solutions in Southeast Asia appeared first on Descartes.

]]> Parametric Insurance: A Game-Changer for the Australian Agricultural sector https://descartesunderwriting.com/blog/parametric-insurance-data-driven-agricultural-insurance-for-australia/ Thu, 12 Jan 2023 00:54:23 +0000 https://descartesunderwriting.com/?post_type=blog&p=110610 Descartes Underwriting’s Australian team sat down together to share their insights on current market conditions across the country. Recent flood events, as well as bushfire, cyclone, and other Nat Cat risks have inevitably had a direct toll on the insurance industry. Read on to hear from the Head of Australia & North-East Asia, Ben Qin, […]

The post Parametric Insurance: A Game-Changer for the Australian Agricultural sector appeared first on Descartes.

]]> Descartes Underwriting’s Australian team sat down together to share their insights on current market conditions across the country. Recent flood events, as well as bushfire, cyclone, and other Nat Cat risks have inevitably had a direct toll on the insurance industry.

Read on to hear from the Head of Australia & North-East Asia, Ben Qin, and Business Development Directors, Lynn Raymond Roehrig and Trang Ha as they discuss how parametric insurance provide a great risk alternative for Australian industries, such as the agricultural sector, that take face the full brunt of climate risks amidst a challenging insurance market context.

The post Parametric Insurance: A Game-Changer for the Australian Agricultural sector appeared first on Descartes.

]]> Parametric Insurance for Risk Management in the UK & Ireland https://descartesunderwriting.com/blog/risk-management-in-the-uk-ireland-what-does-the-future-look-like-amidst-climate-change/ Mon, 12 Dec 2022 18:13:36 +0000 https://descartesunderwriting.com/?post_type=blog&p=110449 Descartes Underwriting’s Business Development Director of UK & Ireland, Paul Jones, shares his insights on natural peril evolution and how market circumstances are significantly impacting the insurance industry. Read on to discover Paul’s observations on how parametric products are gaining profound traction in domestic and international markets, while capacity constraints continue to challenge traditional carriers.

The post Parametric Insurance for Risk Management in the UK & Ireland appeared first on Descartes.

]]> Descartes Underwriting’s Business Development Director of UK & Ireland, Paul Jones, shares his insights on natural peril evolution and how market circumstances are significantly impacting the insurance industry. Read on to discover Paul’s observations on how parametric products are gaining profound traction in domestic and international markets, while capacity constraints continue to challenge traditional carriers.

The post Parametric Insurance for Risk Management in the UK & Ireland appeared first on Descartes.

]]> Hail Insurance: Discover the Next Generation of Corporate Coverage https://descartesunderwriting.com/blog/hail-insurance-discover-the-next-generation-of-corporate-coverage/ Wed, 16 Nov 2022 08:45:39 +0000 https://descartesunderwriting.com/?post_type=blog&p=110362 Hailstorms can cause severe damage to buildings, vehicles, agricultural crops, and even people. Of weather perils, hail is one of the most unpredictable and there are broad variations in damage claims made each year across the United States, and around the world. These variations in annual losses, and a lack of historical data in areas […]

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]]> Hailstorms can cause severe damage to buildings, vehicles, agricultural crops, and even people. Of weather perils, hail is one of the most unpredictable and there are broad variations in damage claims made each year across the United States, and around the world. These variations in annual losses, and a lack of historical data in areas undergoing rapid development, challenge the traditional approach to underwriting hail risk. Meanwhile climate change is driving volatility and impacting natural catastrophes, resulting in increasing hail severity.

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]]> Capacity Constraints: US Insurance Market Outlook https://descartesunderwriting.com/blog/capacity-constraints-us-insurance-market-outlook/ Mon, 10 Oct 2022 16:06:03 +0000 https://descartesunderwriting.com/?post_type=blog&p=110302 Descartes Underwriting’s Head of North America, Daniel Vetter, shares his insights on natural peril evolution and how market circumstances are having a profound impact on the insurance industry. Read on to discover Daniel’s observations on how parametric products are gaining significant traction amidst climate uncertainty while capacity constraints continue to challenge traditional carriers.

The post Capacity Constraints: US Insurance Market Outlook appeared first on Descartes.

]]> Descartes Underwriting’s Head of North America, Daniel Vetter, shares his insights on natural peril evolution and how market circumstances are having a profound impact on the insurance industry. Read on to discover Daniel’s observations on how parametric products are gaining significant traction amidst climate uncertainty while capacity constraints continue to challenge traditional carriers.

The post Capacity Constraints: US Insurance Market Outlook appeared first on Descartes.

]]> Closing the Gap: How Parametric Insurance Protects Businesses from Nat Cat Risks https://descartesunderwriting.com/blog/parametric-insurance-property-renewals/ Mon, 13 Dec 2021 08:56:46 +0000 https://descartesunderwriting.com/?post_type=blog&p=109221 Read how parametric insurance can fill gaps in traditional capacity and resolve placement shortfalls

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]]> With renewal season coming to an end every quarter, many companies still face insufficient capacity or placement shortfalls. Thankfully, the evolution of parametric insurance products in the corporate P&C market offers hope. As quarterly and mid-year renewal seasons pass, more brokers and clients are choosing parametric natural catastrophe insurance to fill gaps in traditional market capacity and increase their resilience to Nat Cat and climate risks. Read on to learn why:

The post Closing the Gap: How Parametric Insurance Protects Businesses from Nat Cat Risks appeared first on Descartes.

]]> Renewable Energy Insurance – Parametric Cover for the Clean Energy Industry https://descartesunderwriting.com/blog/renewable-energy-insurance/ Mon, 13 Dec 2021 08:56:32 +0000 https://descartesunderwriting.com/?post_type=blog&p=109220 Parametric renewable energy insurance - providing coverage for the full life cycle of projects - from financing, delayed start-up risks, to operational exposures

The post Renewable Energy Insurance – Parametric Cover for the Clean Energy Industry appeared first on Descartes.

]]> Increasingly mainstream, parametric insurance provides coverage opportunities for the full life cycle of renewable energy projects – from financing or delayed start-up risks, through to operational exposures. Read on to learn how parametric cover is a leading differentiator in renewable energy insurance.

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]]> Commercial Flood Insurance: A Parametric Response to Flood Risk in the United Kingdom https://descartesunderwriting.com/blog/uk-parametric-flood-insurance/ Mon, 13 Dec 2021 08:54:43 +0000 https://descartesunderwriting.com/?post_type=blog&p=109219 How parametric flood insurance enables corporate resilience to flood exposure in the UK, Ireland, & beyond

The post Commercial Flood Insurance: A Parametric Response to Flood Risk in the United Kingdom appeared first on Descartes.

]]> Recent flood events in the UK and Ireland point to the corporate coverage gap and the need for risk transfer solutions against flood-driven property damage and business interruption. Parametric flood insurance fills the gap left by traditional capacity and government programs, enabling corporate resilience to flood exposure and other climate risks.

The post Commercial Flood Insurance: A Parametric Response to Flood Risk in the United Kingdom appeared first on Descartes.

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