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Beazley hires a new parametric insurance head

Beazley hires a new parametric insurance head

by AIP Online Bureau | Jun 11, 2025 | International News, Non-Life, Reinsurance

Stefan Wunderlich,head of Parametric Insurance Beazley has a long-term commitment to the property market, having trebled the size of its property underwriting since 2022. This commitment has seen it build a strong position in the US E&S market, roll out specialist...
Bajaj Allianz General unveils retail parametric cover for climate risks

Bajaj Allianz General unveils retail parametric cover for climate risks

by AIP Online Bureau | Apr 26, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

L to R -Alpana Singh, Head – Bancassurance, Agri and Govt Business, Bajaj Allianz General Insurance (BAGIC),Kripan Ghosh, Deputy Director General and Head, Agricultural Meteorology Division, Climate Research and Services, IMD Pune, Tapan Singhel, MD &...
SBI Gen pays its first parametric claim of Rs1.06 cr for Nagaland’s natural disaster losses

SBI Gen pays its first parametric claim of Rs1.06 cr for Nagaland’s natural disaster losses

by AIP Online Bureau | Mar 30, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

“Our parametric insurance model ensures that financial assistance reaches the affected communities and regions without delays, helping strengthen resilience against natural disasters. As climate variabilities increase, parametric insurance plays a vital role in...

Willis and Global Parametrics deliver new parametric solution to coffee farmers in Vietnam

by AIP Online Bureau | Feb 17, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management

If the rainfall dips below predefined values, the insurance is triggered and the farmers receive timely payouts without the need for lengthy claims processes or on-the-ground assessments Singapore: Willis, a WTW business, and Global Parametrics today announced the...
Climate Risk: Is India Inc moving fast enough?

Climate Risk: Is India Inc moving fast enough?

by AIP Online Bureau | Jan 18, 2025 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

From a disaster management perspective, parametric solutions can also be valuable at a smaller scale. For example, they can protect microfinance institutions against their customers being unable to make scheduled payments due to extreme weather events Properly...
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