Quite confidential at the start of last century, the market for parametric solutions have gone through many up and downs and provides each year multibillion capacity to protect businesses and communities around the world under the forms of catastrophe bonds, index-based crop insurance and weather derivatives.
The current size of the market is still very far from its huge potential but new technologies are opening very promising ways for rapid expansion. Thanks to massive deployment of capital from both public and private sectors, many tech startups have been launched in recent years to benefit from the tremendous untapped potential of the parametric risk market.
TWO market report provides an independent and comprehensive view of the market : history of the market, market size, market organisation, main players, main products, legal aspects, general pricing and portfolio management considerations, opportunities and risks assessment.
Keywords: Parametric insurance, index-based insurance, weather derivatives, power trading, agricultural commodity trading, ILS portfolio management, CAT reinsurance, insurtech, IoT, remote sensing, satellite imagery, big data, artificial intelligence