Parametric insurance is an emerging risk transfer solution aimed primarily at working together with traditional property insurance to protect against specific environmental and climate related events. As noted in the attached article, Swiss Re describes parametric (or index based) solutions as a type of insurance that covers the probability of a predefined event happening instead of indemnifying actual loss incurred. It is an agreement to make a payment upon the occurrence of a triggering event, and as such is detached of an underlying physical asset or piece of infrastructure. Learn more about what this coverage includes in this first article and dive deeper into a specific environmental and societal example in the second article.

What is Parametric Insurance?

Insuring women working in supply chains are climate resilient.