Parametric insurance pays out based on a predefined index or trigger—such as rainfall, wind speed, or earthquake magnitude—rather than on assessed loss, and is gaining traction in the UK as part of climate resilience and catastrophe solutions. Insurers, reinsurers, and MGAs are developing parametric products for sectors like agriculture, renewable energy, and event cancellation, but must carefully design triggers, manage basis risk, and clearly explain mechanisms to brokers, corporates, and public‑sector buyers.
Policy is bringing protection to venues long deemed uninsurable, starting with one site on the River Thames
Alternative risk transfer and parametric cover gain board-level attention
Which insurtech companies are making waves in the UK insurance industry? Find out in this brokers’ guide on the top insurance tech providers in the UK market.
Lack of valuations, outdated policies, and premium-first thinking continue to leave agricultural clients exposed
Insurers, governments, and property owners are rethinking coverage in the face of mounting losses
