Parametric Insurance: Innovating Risk Protection for a Changing Climate presented by the IAA’s Inclusive Insurance Virtual Forum

As climate risks intensify, the need for timely, scalable, and efficient risk-transfer solutions has never been greater. Parametric insurance is emerging as a vital innovation in the insurance space, offering pre-agreed payouts based on the occurrence of a triggering event, such as a natural disaster or extreme weather threshold, rather than on measured losses. Unlike traditional indemnity-based models, parametric insurance ensures rapid claim settlements and greater transparency, making it particularly suitable for underserved markets and vulnerable populations.

This webinar explores the growing relevance of parametric insurance in the context of climate resilience and sustainable development. It will cover the fundamentals of parametric insurance design, how triggers are selected and validated, pricing mechanisms, and the importance of high-quality data. The session will also explore the real-world implications for policymakers, regulators, and insurance providers—especially in regions prone to climate-related shocks like droughts, floods, and cyclones.

Participants will gain insights into:

This session is highly relevant for actuaries, development practitioners, regulators, and policymakers seeking to understand how innovative insurance tools can drive resilience and adaptive capacity in vulnerable communities.

Speakers: Isaac Zyambo and Agrotosh Mookerjee

Moderated by: Elias Omondi, Chair of the Inclusive Insurance Virtual Forum

This is a webinar free of charge and all are welcome to join! You are welcome and encouraged to share this post and the registration link with fellow associations, colleagues and anyone you know who may find this session of interest!