Best Parametric Insurance Platforms Companies

CelsiusPro is an InsurTech company that specializes in climate and NatCat risk protection through parametric insurance solutions. The company offers a suite of services, including risk modeling, bespoke risk transfer solutions, and technology platforms for managing and distributing insurance products, as well as consulting services for disaster risk finance and TCFD reporting preparation. The company primarily serves insurance companies, brokers, reinsurance companies, government agencies, and corporations across various industries. It was founded in 2008 and is based in Zurich, Switzerland.

Descartes Underwriting provides parametric insurance for climate, cyber, and emerging risks within the insurance industry. The company develops event-driven coverage that pays out based on predefined parameters and utilizes a method to model and assess risks. It serves corporate and public sector clients across industries, including agriculture, construction, and financial institutions. The company was founded in 2019 and is based in Paris, France.

Arbol is a FinTech company that focuses on climate risk management through parametric insurance solutions. The company offers a platform that provides insurance coverage based on data triggers, using artificial intelligence for underwriting and blockchain technology for operational efficiency. Arbol serves sectors such as agriculture, energy, and travel, providing insurance and derivatives solutions to address climate-related risks. It was founded in 2018 and is based in New York, New York.

Blink Parametric provides parametric insurance solutions for travel-related incidents such as flight disruptions and lost luggage, along with cyber insurance products. The services include immediate claims payouts for predefined triggering events. It was founded in 2016 and is based in Dublin 2, Ireland. Blink Parametric operates as a subsidiary of CPP Group.

Floodbase provides flood data solutions for the insurance and humanitarian sectors. The company offers services such as risk analysis, emergency disaster response, and the facilitation of parametric flood insurance by leveraging satellite-based observations and other data sources. It serves the insurance industry and government and humanitarian organizations with its flood intelligence and insurance products. Floodbase was formerly known as Cloud to Street. It was founded in 2015 and is based in New York, New York.

Exante operates within the parametric insurance sector. The company provides a platform that ingests and structures data sources to manage parametric insurance products. Exante's services include the development of APIs, pricing tools, and processes for onboarding policyholders, with the ability to launch new products and handle claims. It was founded in 2019 and is based in Dublin, Ireland.

IBISA NETWORK provides climate insurance solutions for the agriculture sector, aimed at addressing financial challenges posed by climate change. The company offers index-based insurance products that trigger claims based on satellite data and weather events. IBISA NETWORK serves stakeholders in the agriculture value chain, including AgriTechs, food and beverage companies, input companies, insurance providers, government agencies, financial institutions, and farmer cooperatives. It was founded in 2019 and is based in Luxembourg City, Luxembourg.

Yokahu specializes in parametric weather insurance within the financial services industry. The company offers insurance products that provide rapid financial support in the event of specific weather-related disasters, using data science and technology to trigger automatic payouts. Yokahu primarily serves climate-vulnerable communities and sectors that require climate risk management solutions. It was founded in 2019 and is based in London, England.