Parametric

Floodbase to launch cutting-edge parametric flood insurance programs for farmers in Mozambique and Malawi

Retrieved on: 
Friday, March 1, 2024
PREPARE, Capacity building, Bloomberg, Climate, Flood, United, ARC, Farmer, Risk, Climate change, International development, Johns Hopkins University, USAID, Insurance, Machine learning, Agriculture, Food security, Speech, Development, Adaptation, Parametric, Developed country

Floodbase-enabled parametric flood insurance will provide financial protection for previously uninsurable risks, ensuring that events like Cyclone Idai don't destroy the livelihoods of African farmers.

Key Points: 
  • Floodbase-enabled parametric flood insurance will provide financial protection for previously uninsurable risks, ensuring that events like Cyclone Idai don't destroy the livelihoods of African farmers.
  • An essential feature of this project is demonstrating the financial scalability and sustainability of parametric flood insurance in emerging markets.
  • "We're excited to partner with Floodbase to complement our portfolio of innovative parametric solutions to support flood-vulnerable communities in Malawi and Mozambique.
  • We have deep expertise distributing insurance products across Africa, which will help ensure the largest possible participation in these Floodbase parametric programs," said Lesley Ndlovu, ARC Ltd. CEO.

Capella Space and Floodbase Partner to Bring High-Resolution SAR Data to Parametric Insurers

Retrieved on: 
Tuesday, January 23, 2024
Weather, Research, Flood, Policy, SAN, Capella Space, Partnership, API, Insurance, Government, Climate change, Machine learning, Parametric, Certification, Risk management

SAN FRANCISCO, Jan. 23, 2024 /PRNewswire/ -- Capella Space Corp., an American space tech company with data and satellite solutions for government and commercial applications, today announced a partnership with Floodbase, a leading data provider and reporting agent for parametric flood insurance, to bring high-resolution SAR satellite data to Floodbase's end-to-end solution for parametric flood insurance. This partnership will enable enhanced payout trigger certification of parametric insurance products by capturing the magnitude of flooding at high resolution and regardless of cloud cover.

Key Points: 
  • SAN FRANCISCO, Jan. 23, 2024 /PRNewswire/ -- Capella Space Corp., an American space tech company with data and satellite solutions for government and commercial applications, today announced a partnership with Floodbase, a leading data provider and reporting agent for parametric flood insurance, to bring high-resolution SAR satellite data to Floodbase's end-to-end solution for parametric flood insurance.
  • Traditional insurance alone cannot fill the gap, making parametric flood insurance a crucial tool for augmenting flood resilience.
  • Floodbase leverages a variety of datasets to meet the growing needs of the parametric flood market , now enhancing their solution with best-in-class SAR imagery from Capella's satellite constellation.
  • Floodbase and Capella Space share a commitment to using earth observation science and machine learning to enable all communities to prepare for and respond to climate disasters.

Probe Card Market Size to Grow USD 3884.3 Million by 2029 at a CAGR of 6.5% | Valuates Reports

Retrieved on: 
Friday, November 17, 2023
Category, Parametric, DRAM, SIP, Electronics, Internet of things, CARD, Probe card, Internet, Intelligence, USD, Miniaturization, Electricity, ICS, Growth, Foundry, Printed circuit board, Flash

BANGALORE, India, Nov. 17, 2023 /PRNewswire/ -- Probe Card Market is Segmented by Type (Cantilever Probe Card, Vertical Probe Card , MEMS Probe Card), by Application (Foundry & Logic, DRAM , Flash, Parametric, Others (RF/MMW/Radar, etc.

Key Points: 
  • BANGALORE, India, Nov. 17, 2023 /PRNewswire/ -- Probe Card Market is Segmented by Type (Cantilever Probe Card, Vertical Probe Card , MEMS Probe Card), by Application (Foundry & Logic, DRAM , Flash, Parametric, Others (RF/MMW/Radar, etc.
  • The global Probe Card Market was valued at USD 2478.8 Million in 2022 and is anticipated to reach USD 3884.3 Million by 2029, witnessing a CAGR of 6.5% during the forecast period 2023-2029.
  • The market for probe cards is being driven by the emergence of System-in-Package (SiP) technology , which integrates several processors into a single package.
  • The market for probe cards is being driven by the emergence of System-in-Package (SiP) technology, which integrates several processors into a single package.

Probe Card Market Size to Grow USD 3884.3 Million by 2029 at a CAGR of 6.5% | Valuates Reports

Retrieved on: 
Friday, November 17, 2023
Category, Parametric, DRAM, SIP, Electronics, Internet of things, CARD, Probe card, Internet, Intelligence, USD, Miniaturization, Electricity, ICS, Growth, Foundry, Printed circuit board, Flash

BANGALORE, India, Nov. 17, 2023 /PRNewswire/ -- Probe Card Market is Segmented by Type (Cantilever Probe Card, Vertical Probe Card , MEMS Probe Card), by Application (Foundry & Logic, DRAM , Flash, Parametric, Others (RF/MMW/Radar, etc.

Key Points: 
  • BANGALORE, India, Nov. 17, 2023 /PRNewswire/ -- Probe Card Market is Segmented by Type (Cantilever Probe Card, Vertical Probe Card , MEMS Probe Card), by Application (Foundry & Logic, DRAM , Flash, Parametric, Others (RF/MMW/Radar, etc.
  • The global Probe Card Market was valued at USD 2478.8 Million in 2022 and is anticipated to reach USD 3884.3 Million by 2029, witnessing a CAGR of 6.5% during the forecast period 2023-2029.
  • The market for probe cards is being driven by the emergence of System-in-Package (SiP) technology , which integrates several processors into a single package.
  • The market for probe cards is being driven by the emergence of System-in-Package (SiP) technology, which integrates several processors into a single package.

Baloise recognised as one of Switzerland’s most innovative insurance companies of 2023

Retrieved on: 
Thursday, December 14, 2023
European Cybersecurity Competence Centre, Partnership, Insurance, Nature, RDC, Chicago Innovation Awards, Weather, Map, Property insurance, Parametric, Parametric insurance, Bâloise

Baloise wins the people’s choice award for the project  «Rapid Damage Cockpit (RDC)» and the second prize for «Parasurance» at the Swiss Insurance Innovation Awards.

Key Points: 
  • Baloise wins the people’s choice award for the project  «Rapid Damage Cockpit (RDC)» and the second prize for «Parasurance» at the Swiss Insurance Innovation Awards.
  • The innovation award is presented by the online trade journal HZ Insurance in collaboration with a panel of high-profile judges.
  • Baloise took home the people’s choice award as well as second prize at yesterday’s ceremony for the Swiss Insurance Innovation Awards, meaning that Baloise was once again recognised as one of Switzerland’s most innovative insurance companies.
  • The Rapid Damage Cockpit (RDC) helps Baloise to support customers as quickly as possible after an emotionally upsetting event.

2023’s Severe Weather Events Are Proving Costly to U.S. Insurers

Retrieved on: 
Wednesday, October 25, 2023
Commercial Building & Real Estate, Natural Disasters, Construction & Property, Insurance, Environment, Professional Services, Other Construction & Property, Residential Building & Real Estate, Risk, Policy, Weather, Insurance Information Institute, Lightning, Wind, Federation, Parametric, Swiss Re, Tornado, Life insurance

Severe convective storms include natural catastrophes such as thunderstorms with lightning, hail, tornadoes, and derechos, which are organized lines of thunderstorms with widespread damaging winds.

Key Points: 
  • Severe convective storms include natural catastrophes such as thunderstorms with lightning, hail, tornadoes, and derechos, which are organized lines of thunderstorms with widespread damaging winds.
  • Tornadoes in Arkansas, Illinois, and Mississippi caused a significant loss of life and property damage in 2023’s first-half.
  • They were followed by this summer’s intense hailstorms in Colorado and Minnesota, among other states.
  • U.S. auto, home, and business insurers cover insured properties impacted by wind, hail, and lightning-caused fires.

Morgan Stanley Investment Management Expands ETF Platform with Five Active ETFs

Retrieved on: 
Thursday, October 19, 2023
Banking, Asset Management, Professional Services, Finance, Eaton Vance, MSIM, ETF, Parametric, Eaton, NYSE Arca, Trust, PAPI, SPDR, Security (finance), Financial adviser

Morgan Stanley Investment Management (“MSIM”) today announced the listing of five new ETFs on NYSE Arca.

Key Points: 
  • Morgan Stanley Investment Management (“MSIM”) today announced the listing of five new ETFs on NYSE Arca.
  • “Following the successful launch of MSIM’s ETF platform earlier this year, the new additions to the platform further capitalize on the deep experience of our investment teams and client-focused approach by delivering actively-managed strategies through the in-demand ETF structure,” said Anthony Rochte, Global Head of ETFs at MSIM.
  • The five new ETFs advised by MSIM include:
    All five of the ETF strategies will be actively managed and are designed to meet specific investor goals.
  • MSIM launched its ETF platform in February 2023 with six Calvert-branded ETFs, which total approximately $400 million in assets under management as of September 30, 2023.

Reinsurance Broker Augment Risk Launches Global Parametric Specialty to Challenge Traditional Indemnity/Reinsurance Market

Retrieved on: 
Monday, October 16, 2023
Insurance, Professional Services, Climate change, Fraud, ILS, CAT, Reinsurance, Risk, Earthquake, Growth, Parametric, Storm, Weather

Augment Risk, an innovative reinsurance broker that offers bespoke solutions to its partners, today announced the launch of its Global Parametric Specialty division.

Key Points: 
  • Augment Risk, an innovative reinsurance broker that offers bespoke solutions to its partners, today announced the launch of its Global Parametric Specialty division.
  • Kurt Cripps joins Augment Risk to lead a highly experienced team focused on client tailored parametric reinsurance products designed to provide a surgical approach to managing CAT exposures.
  • Augment Risk’s Global Parametric Specialty is dedicated to promoting and implementing tailored index-based risk transfer solutions to clients across the globe.
  • According to Allied Market Research, the global parametric insurance market is projected to triple within the decade to an estimated $29.3 billion by 2031.

Parvis Announces Co-Agency Agreement With Equiton To Distribute Two Of Its Funds

Retrieved on: 
Tuesday, May 2, 2023
Partnership, Nigerian Capital Development Fund, REIT, Parametric, EMD, Investment, Exempt market dealer, Fund, Real estate, Parvise

VANCOUVER, BC, May 2, 2023 /PRNewswire/ - Parvis Invest Inc. (TSXV: PVIS)  ("Parvis" or "the Company"), a technology-driven real estate company focused on broadening access to institutional quality real estate investment opportunities, today announced a co-agency agreement with Equiton, a leading Canadian private equity real estate investment firm, to distribute two Equiton products on the Parvis platform.

Key Points: 
  • VANCOUVER, BC, May 2, 2023 /PRNewswire/ - Parvis Invest Inc. (TSXV: PVIS)  ("Parvis" or "the Company"), a technology-driven real estate company focused on broadening access to institutional quality real estate investment opportunities, today announced a co-agency agreement with Equiton, a leading Canadian private equity real estate investment firm, to distribute two Equiton products on the Parvis platform.
  • The two funds set to be listed include the Equiton Apartment Fund and Equiton Income and Development Fund, both designed to provide investors with access to a diversified portfolio of institutional quality real estate investments.
  • That's why we're so excited about this partnership with Equiton, " said David Michaud, Chief Executive Officer of Parvis.
  • The listing of these funds follows Parvis' signing of an agreement to provide Exempt Market Dealer (EMD) services to Harvestd and Parametric, which opened up an exciting vertical for the company.

Insights on the Parametric Insurance Global Market to 2028 - Featuring Allianz, AXA, Zurich Insurance and Berkshire Hathaway Among Others - ResearchAndMarkets.com

Retrieved on: 
Monday, January 30, 2023
Insurance, Professional Services, Agriculture, Parametric, Risk, Index, Sustainable Energy Utility, Policy, Defense, Energy, Mining

The Global Parametric Insurance Market size is expected to reach $21.4 billion by 2028, rising at a market growth of 9.6% CAGR during the forecast period.

Key Points: 
  • The Global Parametric Insurance Market size is expected to reach $21.4 billion by 2028, rising at a market growth of 9.6% CAGR during the forecast period.
  • Parametric insurance is a type of insurance solution, which covers the likelihood that a preset event will occur rather than compensating for actual losses.
  • The purpose of parametric coverage is to speed up recovery rather than to replace traditional insurance.
  • The demand for such cutting-edge parametric insurance systems has been rising as climate-related meteorological risks become more complicated and unpredictable.