The process of tsunami parametric insurance. An insurance payout is triggered when a tsunami index (e.g., wave height) meets the predefined criteria. If your home was destroyed by a sudden disaster ...

The SEADRIF Insurance Company and the United Nations World Food Programme (WFP) have launched a parametric insurance policy ...

The FEMA Review Council recommends replacing the decades-old system for distributing money to states with a plan triggered by weather conditions, not monetary damage. A panel of experts established by ...

As extreme weather events increase in severity and frequency, the world faces compounding economic and development challenges. Conflict affects over half of the 25 countries most vulnerable to climate ...

Following the successful issuance of the Asian Development Bank’s (ADB) first catastrophe bond offerings, Roberta Casali, ...

Regional vulnerability to hurricanes and earthquakes accelerates fastest global growth rates. The global parametric insurance market is projected to record a compound annual growth rate of 12.2% from ...

The African Reinsurance Corporation (Africa Re), alongside a consortium of insurers and development partners, officially partnered with the Lagos State Government to launch the Lagos Flood Risk ...

If your home was destroyed by a sudden disaster that you couldn't control, you would hope that at the very least, your insurance would cover your losses. However, disaster risk financing systems are ...