Automated Weather Insurance Could Offer Help in an Increasingly Hot World
Carlos José Báez experienced the full brunt of Hurricane Maria when it made landfall in Puerto Rico as a catastrophic storm in 2017.
parametric insurance News
InsurTech Spotlight: FloodFlash Is Closing Coverage Gaps with Parametrics
True to its name, a 2012 flooding event is what initially sparked the idea for the commercial flood InsurTech, FloodFlash. Since then, the company has grown out of an apartment kitchen to a fully ...
InsurTech FloodFlash Officially Launches in U.S.
Parametric flood insurer FloodFlash announced that it has entered the U.S., aiming to augment the market by using its parametric technology to make flood insurance ...
FloodFlash Eyes Parametric Splash in U.S.
Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make a splash in five states in early 2023.
How to Tackle Inflation-Driven Pricing, Reserve Risk: A Coverage Fix
Annualized inflation in the U.S. topped 5 percent just once since 1981—until now. In the UK, it exceeded 3 percent only rarely since 1992, and only ever by a fraction. In France, the change in the ...
The Latest Launches From Captain and Cloud to Street
Offering innovations to promptly respond to victims of natural disasters, fintech Captain and climate adaptation technology company Cloud to Street recently announced new product launches.
Parametric InsurTech Startup FloodFlash Raises $15M for International Expansion
FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million. The round was led by Chicago-based ...
Zurich North America Starts Marketing Construction Weather Parametric Insurance for Contractors
Zurich North America is launching Construction Weather Parametric Insurance for project owners and contractors. The coverage, according to the insurer, is designed to fill a gap created by more ...
InsurTech Blink Launches Non-Damage Business Interruption Parametric Product
Irish InsurTech Blink has started marketing a hurricane non-damage parametric insurance product designed to provide liquidity to small and medium-sized businesses after a natural disaster. Called ...