Guy Carpenter has announced a research project investigating how the reciprocal exchange insurance model could support community-based parametric covers for wildfire and hurricane risks in California and Florida.

CelsiusPro is working to increase the private sector risk capacity matched to the Natural Disaster Fund (NDF), a government-backed parametric risk capacity pool, the company's head of climate resilience solutions Kay Tuschen said at the Building Bridges conference in Geneva.

The uptake of heat insurance among informal women workers in India is likely to increase after a parametric policy paid out earlier this year, the Mahila Housing Trust's (MHT) Bijal Brahmbhatt has said.

WTW has announced a parametric frost insurance solution for vines and fruit trees in France.

Axa Hong Kong and Macau will provide parametric flight delay coverage to HK Express Airways customers, powered by technology from Blink Parametric.

Insurtech Ibisa has partnered with VisionFund, the financial empowerment arm of humanitarian charity World Vision, to launch parametric climate products for vulnerable communities.

The government of Honduras has received a $4.67mn payout after its parametric excess rainfall insurance policy was triggered last month during Tropical Storm Sara.

A Munich Re-backed parametric insurance program for Bolivian soybean farmers uses a crop yield index from Praedictus Climate Solutions.

Microinsurance consortium Blue Marble has announced a new parametric insurance program covering coffee farmers in the Ivory Coast against weather risks in collaboration with Nestlé brand Nescafé.

Hurricane Milton triggered nearly $20mn in claims on reinsurance programs written by parametric risk transfer specialist Arbol, the company has said.

Colombian energy firm Celsia received a multi-million-dollar payout on its weather derivative program this year after a drought affected hydropower production in South America.

A parametric insurance program covering coffee farmers in Vietnam against climate risks is set to be scaled up in a project led by WTW.

CelsiusPro has put technology and innovation at the forefront to capitalise on the parametric insurance revolution. The firm’s CEO and founder Mark Rueegg talks to Parametric Insurer to discuss the firm’s achievements to date and future strategy.

New York's insurance regulator has moved to block a personal disaster insurance product due to its parametric-like characteristics, Parametric Insurer can reveal, while the state's governor is set to review a bill that would authorise specific types of parametric insurance.

Parametric Insurer investigates the data sources and coverage structures that have been used for index-based flood coverage, widely seen as a growth area for the parametric insurance market.