This year, a series of market reports and industry developments call out a clear trend. Parametric insurance is entering the mainstream.

Research & Markets’ Parametric Insurance Market Report 2026, for example, estimated the global parametric insurance market was worth $21.09bn in 2025 and forecast it to reach $23.85bn in 2026. These figures represent a compound annual growth rate (CAGR) of 13.1%. Other reports vary, but annual growth predictions are still in the double digits, with figures around $63.8bn expected by 2035.