Digital ILS marketplace CatX has partnered with Verisk to allow capital market investors to use the firm's catastrophe risk models to assess risks on CatX's Catamaran platform.

CCRIF SPC has paid out $805,794 to the government of Belize following rainfall association with Tropical Storm Sara.

Reciprocal exchanges could help build sustainable community-based catastrophe insurance programs, according to Guy Carpenter's Guillermo Franco.

The InsuResilience Solutions Fund (ISF) has signed a grant agreement to co-fund a forecast-based insurance solution for farmers in Kyrgyzstan.

Sensible Weather, which provides parametric weather coverage for consumers, has sold nearly 400,000 weather guarantees in 2024.

Insurtech Ibisa and Quality Insurance Company (QIC) have launched a parametric weather insurance product in Ghana after all policyholders in this year's pilot scheme received a payout.

Broker Lockton has announced the launch of a global parametric insurance team, including data scientists and modellers across different regions.

The government of Norway has announced a NOK50mn ($4.5mn) partnership with African Risk Capacity (ARC) to expand African governments' use of parametric insurance.

The governor of New York has signed a bill that amends the state's insurance law to add parametric insurance as an authorised line of business.

Mapfre Re, the reinsurance arm of Spanish insurer Mapfre, has sponsored its first ever catastrophe bond, raising $125mn.