MGA Sola has launched a parametric insurance product for US homeowners covering severe convective storm losses from wind and hail, underwritten by Tokio Marine Kiln (TMK).

Generali sees capital markets investors as an additional source of capacity for its parametric portfolio, which can diversify its reinsurance panel, the firm's global head of parametric products and solutions for Global Corporate & Commercial Michele Pignoli has said.

A parametric insurance-backed loans instrument for West African countries, developed by the West African Development Bank (BOAD), African Risk Capacity (ARC) and Munich Re was triggered by floods in Togo last month.

Parametrix's new Enterprise Solutions product is designed to cover "almost any type of system interruption that a company can experience" and would compensate organisations for events like the CrowdStrike outage in July, according to CEO Jonathan Hatzor.

NormanMax Syndicate 3939, the first Lloyd’s syndicate dedicated to parametric natural catastrophe (re)insurance, has been approved to grow its stamp capacity to £108mn ($136.6mn) for 2025,

Lockton Re has announced a partnership with Verisk to use its risk models for agriculture (re)insurance, including developing new parametric products.

Aventum Group-owned MGA Rokstone has launched a global parametric offering for natural catastrophe risks backed by NormanMax Syndicate 3939.

The government of Panama is set to receive $26.7mn after its excess rainfall policy with regional risk pool CCRIF SPC was triggered by flooding earlier this month.

The city of Isleton in California is set to approve the purchase of a parametric flood insurance policy from FloodFlash underwritten by Munich Re at a meeting on Wednesday 20 November,

Miller's Alice Glenister has joined the board of CPP Group as a non-executive director as the firm focuses on developing its Blink Parametric proposition.

Descartes Underwriting and public research lab SERTIT have received financial support from the French national space agency CNES to use Earth observation data to assess damage after natural disasters.

Asia is a leading provider of key crops such as rice and wheat but insurance availability across the continent is struggling to keep pace with rising exposures.

The US Department of Agriculture (USDA) is paying more than $143mn in parametric insurance claims to Florida agriculture producers affected by Hurricane Milton in October.

Arbol’s Scott Klemm and Mitiga Solutions’ Obbe Tuinenburg have joined Tokio Marine HCC (TMHCC) as it builds out its parametric weather (re)insurance underwriting team,

Protect Group, which provides travel service providers with ancillary products, has partnered with Blink Parametric to offer parametric travel disruption solutions.