Catastrophe Risks
AXA Climate and Reask Partner on Parametric Insurance
AXA Climate and Reask will collaborate to offer parametric insurance solutions based on precise location-level wind speed data post-tropical cyclone landfalls, globally. Read More
FEMA Expands Reinsurance Program, Transfers $575M in Flood Risk
The Federal Emergency Management Agency (FEMA) has announced the expansion of its reinsurance program, transferring $575 million in flood risk to capital markets. Read More
Aon Report Highlights Surge in Billion-Dollar Disasters for 2023
Aon's "2024 Climate and Catastrophe Insight" report findings show global economic losses from natural catastrophes in 2023 reached $380 billion. Read More
FloodFlash Continues US Expansion of Parametric Flood Insurance
FloodFlash has expanded availability of its sensor-enabled parametric flood insurance coverage to 10 additional US states. Read More
A New Tokenized Reinsurance Blockchain Arrangement Launches
An industry loss warranty contract was launched to leverage blockchain technology through tokenized reinsurance for catastrophic weather events in Florida. Read More