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How does the Parametric Insurance market relate to the overall economy and other similar markets?

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What are the key dynamics influencing the Parametric Insurance market growth? SWOT analysis of the Parametric Insurance market.

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Global Parametric Insurance Market Report 2025

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Published : December 2025

Pages : 200

Format : PDF

Delivery Time : 2-3 Business Days

Report Price : $4490.00

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Parametric Insurance Global Market Report 2025

Name: Parametric Insurance Global Market Report 2025
Brand: The Business Research Company
Price: 4490.00 USD
Availability: InStock

By Insurance Type (Index-Based Insurance, Weather-Based Insurance, Catastrophe Bonds, Other Types), By Policy Duration (Short-Term Policies, Long-Term Policies, Seasonal Policies), By Distribution Channel (Direct Sales, Brokers, Online Platforms), By Industry Vertical (Agriculture, Aerospace And Defence, Mining, Construction, Energy And Utilities, Manufacturing, Other Industry Verticals) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Parametric Insurance Market Overview

• Parametric Insurance market size has reached to $18.71 billion in 2024

• Expected to grow to $34.35 billion in 2029 at a compound annual growth rate (CAGR) of 13%

• Growth Driver: Increasing Natural Disasters Fueling the Growth of the Parametric Insurance Market Due to Climate Change and Rising Economic Losses

• Market Trend: AI-Driven Predictive Analytics Enhancing Parametric Insurance Solutions Amid Rising Climate Risks

• North America was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under Parametric Insurance Market?

Parametric insurance refers to a type of insurance where payouts are made based on predetermined parameters or triggers, such as specific weather events, natural disasters, or other measurable criteria, rather than the actual loss suffered by the policyholder. These policies simplify the claims process by removing the need for damage assessments, as payments are made when the trigger event occurs, offering faster compensation.

The main types of insurance in the parametric insurance are index-based insurance, weather-based insurance, catastrophe bonds, and others. Index-based insurance refers to a type of insurance where payouts are made based on a specific index, such as weather data, crop yield, or other measurable parameters, rather than the actual loss incurred by the policyholder. The different policy durations include short-term policies, long-term policies, and seasonal policies, and several distribution channels including direct sales, brokers, and online platforms. The different industry verticals encompass agriculture, aerospace and defense, mining, construction, energy and utilities, manufacturing, and others.

Parametric Insurance Market Size and growth rate 2025 to 2029: Graph

What Is The Parametric Insurance Market Size 2025 And Growth Rate?

What Is The Parametric Insurance Market Growth Forecast?

The parametric insurance market size is expected to see rapid growth in the next few years. It will grow to $34.35 billion in 2029 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to growing impact of climate change, expansion of emerging markets, integration of AI and big data analytics, government support and regulation, consumer demand for customization. Major trends in the forecast period include integration of blockchain technology, expansion into new risk types, collaboration with Insurtech startups, increased use of satellite and remote sensing data, greater adoption in agriculture and crop insurance.

The forecast of 13.0% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through less accurate trigger mechanisms, as weather data verification systems and automated claims processing tools, largely imported from Switzerland and the Netherlands, become subject to maintenance cost increases. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Financial Services Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

How Is The Parametric Insurance Market Segmented?

1) By Insurance Type: Index-Based Insurance, Weather-Based Insurance, Catastrophe Bonds, Other Types

2) By Policy Duration: Short-Term Policies, Long-Term Policies, Seasonal Policies

3) By Distribution Channel: Direct Sales, Brokers, Online Platforms

4) By Industry Vertical: Agriculture, Aerospace And Defence, Mining, Construction, Energy And Utilities, Manufacturing, Other Industry Verticals

Subsegments:

1) Index-Based Insurance: Commodity Price Index Insurance, Financial market Index Insurance, Livestock Mortality Index Insurance

2) Weather-Based Insurance: Rainfall Index Insurance, Wind Speed Index Insurance, Freeze Or Frost Index Insurance, Drought Index Insurance

3) Catastrophe Bonds: Peril-Specific Catastrophe Bonds, Industry Loss Warranty (ILW) Bonds, Parametric Catastrophe Bonds, Aggregate Catastrophe Bonds, Multi-Peril Catastrophe Bonds

4) Other Types: Flight Delay Parametric Insurance, Cyber Attack Parametric Insurance, Pandemic Parametric Insurance, Power Outage Parametric Insurance, Political Risk Parametric Insurance

What Is Driving The Parametric Insurance Market? Increasing Natural Disasters Fueling the Growth of the Parametric Insurance Market Due to Climate Change and Rising Economic Losses

Increasing natural disasters are expected to propel the growth of the parametric insurance market going forward. Natural disasters are catastrophic events like earthquakes, hurricanes, and floods, causing destruction, loss of life, and economic damage. Climate change is driving the increase in natural disasters, as rising global temperatures lead to more frequent and severe weather events such as hurricanes, floods, and wildfires, resulting in greater damage and loss of life. Parametric insurance, which offers quick payouts triggered by predefined conditions, provides an effective way to manage the financial risks associated with such events. For instance, in July 2023, according to AON, a UK-based insurance company, global economic losses from natural disasters in 2022 totaled $313 billion, with insured losses at $132 billion, making it the fifth-costliest year for insurers. The reinsurance market has also been affected, with US reinsurance premiums increasing by up to 35% by 2023. Therefore, increasing natural disasters are driving the growth of the parametric insurance industry.

Who Are The Major Players In The Global Parametric Insurance Market?

Major companies operating in the parametric insurance market are Berkshire Hathaway Inc., Allianz SE, Zurich Insurance Group Ltd., Chubb Limited, Tokio Marine Holdings, Inc., Swiss Reinsurance Company, AIG (American International Group), Lloyds Banking Group, Marsh & McLennan, QBE Insurance Group Limited, SCOR SE, Aon plc, Everest Re Group, Ltd., Willis Towers Watson, PartnerRe Ltd., AXA SA, Munich Reinsurance Company, Hannover Re, Neptune Flood Incorporated, Jumpstart Insurance SolutionsInc.

What Are The Key Trends Of The Global Parametric Insurance Market? AI-Driven Predictive Analytics Enhancing Parametric Insurance Solutions Amid Rising Climate Risks

Major companies operating in the parametric insurance market are focusing on adopting AI-driven predictive analytics to enhance risk assessment, improve accuracy in trigger design, and deliver faster, data-informed payouts. AI-driven predictive analytics uses machine learning and statistical algorithms to analyze current and historical data, identifying patterns and trends to forecast future outcomes and inform decision-making. For instance, in March 2025, Arbol, Inc., a US-based climate risk coverage platform and FinTech company, incorporated AI-driven predictive analytics and parametric insurance to leverage real-time weather data, machine learning, and IoT sensors. This innovation ensures faster, automated payouts and financial stability for specialty crop producers facing climate risks. Arbol also incorporates blockchain technology to automate policy issuance, premium payments, and claims processing, further enhancing transparency and reducing administrative overhead.

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What Are Latest Mergers And Acquisitions In The Parametric Insurance Market? CelsiusPro Acquires Global Parametrics To Strengthen Climate Risk And Insurance Solutions

In September 2023, CelsiusPro, a Switzerland-based climate risk, technology, and parametric insurance solutions provider, acquired Global Parametrics for an undisclosed amount. With this acquisition, Global Parametrics aims to expand its reach and enhance its ability to deliver innovative risk transfer solutions for climate and natural disasters and enhance its ability to improve access to financial protection, scale its operations more efficiently, and increase its impact on fostering resilience in marginalized communities. Global Parametrics is a UK-based company that offers parametric insurance.

What Is The Regional Outlook For The Global Parametric Insurance Market?

North America was the largest region in the parametric insurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Parametric Insurance Market?

The parametric insurance market includes revenues earned by entities by providing services such as risk transfer solutions, climate and disaster insurance, agricultural coverage, catastrophe bonds, and InsurTech-based underwriting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Parametric Insurance Industry?

The parametric insurance market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the parametric insurance industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Author : Abdul Wasay

1. Executive Summary

2. Parametric Insurance Market Characteristics

3. Parametric Insurance Market Trends And Strategies

4. Parametric Insurance Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Parametric Insurance Growth Analysis And Strategic Analysis Framework

5.1. Global Parametric Insurance PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Parametric Insurance Market Growth Rate Analysis

5.4. Global Parametric Insurance Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Parametric Insurance Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Parametric Insurance Total Addressable Market (TAM)

6. Parametric Insurance Market Segmentation

6.1. Global Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Index-Based Insurance

Weather-Based Insurance

Catastrophe Bonds

Other Types

6.2. Global Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Short-Term Policies

Long-Term Policies

Seasonal Policies

6.3. Global Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Direct Sales

Brokers

Online Platforms

6.4. Global Parametric Insurance Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Agriculture

Aerospace And Defence

Mining

Construction

Energy And Utilities

Manufacturing

Other Industry Verticals

6.5. Global Parametric Insurance Market, Sub-Segmentation Of Index-Based Insurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Commodity Price Index Insurance

Financial Market Index Insurance

Livestock Mortality Index Insurance

6.6. Global Parametric Insurance Market, Sub-Segmentation Of Weather-Based Insurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Rainfall Index Insurance

Wind Speed Index Insurance

Freeze Or Frost Index Insurance

Drought Index Insurance

6.7. Global Parametric Insurance Market, Sub-Segmentation Of Catastrophe Bonds, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Peril-Specific Catastrophe Bonds

Industry Loss Warranty (ILW) Bonds

Parametric Catastrophe Bonds

Aggregate Catastrophe Bonds

Multi-Peril Catastrophe Bonds

6.8. Global Parametric Insurance Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Flight Delay Parametric Insurance

Cyber Attack Parametric Insurance

Pandemic Parametric Insurance

Power Outage Parametric Insurance

Political Risk Parametric Insurance

7. Parametric Insurance Market Regional And Country Analysis

7.1. Global Parametric Insurance Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Parametric Insurance Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Parametric Insurance Market

8.1. Asia-Pacific Parametric Insurance Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Parametric Insurance Market

9.1. China Parametric Insurance Market Overview

9.2. China Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Parametric Insurance Market

10.1. India Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Parametric Insurance Market

11.1. Japan Parametric Insurance Market Overview

11.2. Japan Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Parametric Insurance Market

12.1. Australia Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Parametric Insurance Market

13.1. Indonesia Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Parametric Insurance Market

14.1. South Korea Parametric Insurance Market Overview

14.2. South Korea Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Parametric Insurance Market

15.1. Western Europe Parametric Insurance Market Overview

15.2. Western Europe Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Parametric Insurance Market

16.1. UK Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Parametric Insurance Market

17.1. Germany Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Parametric Insurance Market

18.1. France Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Parametric Insurance Market

19.1. Italy Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Parametric Insurance Market

20.1. Spain Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Parametric Insurance Market

21.1. Eastern Europe Parametric Insurance Market Overview

21.2. Eastern Europe Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Parametric Insurance Market

22.1. Russia Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Parametric Insurance Market

23.1. North America Parametric Insurance Market Overview

23.2. North America Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Parametric Insurance Market

24.1. USA Parametric Insurance Market Overview

24.2. USA Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Parametric Insurance Market

25.1. Canada Parametric Insurance Market Overview

25.2. Canada Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Parametric Insurance Market

26.1. South America Parametric Insurance Market Overview

26.2. South America Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Parametric Insurance Market

27.1. Brazil Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Parametric Insurance Market

28.1. Middle East Parametric Insurance Market Overview

28.2. Middle East Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Parametric Insurance Market

29.1. Africa Parametric Insurance Market Overview

29.2. Africa Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Parametric Insurance Market Competitive Landscape And Company Profiles

30.1. Parametric Insurance Market Competitive Landscape

30.2. Parametric Insurance Market Company Profiles

30.2.1. Berkshire Hathaway Inc. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Allianz SE Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Zurich Insurance Group Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Chubb Limited Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Tokio Marine Holdings, Inc. Overview, Products and Services, Strategy and Financial Analysis

31. Parametric Insurance Market Other Major And Innovative Companies

31.1. Swiss Reinsurance Company

31.2. AIG (American International Group)

31.3. Lloyds Banking Group

31.4. Marsh & McLennan

31.5. QBE Insurance Group Limited

31.6. SCOR SE

31.7. Aon plc

31.8. Everest Re Group, Ltd.

31.9. Willis Towers Watson

31.10. PartnerRe Ltd.

31.11. AXA SA

31.12. Munich Reinsurance Company

31.13. Hannover Re

31.14. Neptune Flood Incorporated

31.15. Jumpstart Insurance SolutionsInc.

32. Global Parametric Insurance Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Parametric Insurance Market

34. Recent Developments In The Parametric Insurance Market

35. Parametric Insurance Market High Potential Countries, Segments and Strategies

35.1 Parametric Insurance Market In 2029 - Countries Offering Most New Opportunities

35.2 Parametric Insurance Market In 2029 - Segments Offering Most New Opportunities

35.3 Parametric Insurance Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Parametric Insurance Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Parametric Insurance Market, Sub-Segmentation Of Index-Based Insurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Parametric Insurance Market, Sub-Segmentation Of Weather-Based Insurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Parametric Insurance Market, Sub-Segmentation Of Catastrophe Bonds, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Parametric Insurance Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Global Parametric Insurance Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Global Parametric Insurance Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Asia-Pacific, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: Asia-Pacific, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: Asia-Pacific, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: China, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: China, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: China, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: India, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: India, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: India, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Japan, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Japan, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Japan, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Australia, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Australia, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Australia, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Indonesia, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: Indonesia, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: Indonesia, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: South Korea, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: South Korea, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: South Korea, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: Western Europe, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: Western Europe, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: Western Europe, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: UK, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: UK, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: UK, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: Germany, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: Germany, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: Germany, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: France, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: France, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: France, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Italy, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Italy, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Italy, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Spain, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Spain, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Spain, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Eastern Europe, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Eastern Europe, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Eastern Europe, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Russia, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: Russia, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: Russia, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: North America, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: North America, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: North America, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: USA, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: USA, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: USA, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: Canada, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: Canada, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: Canada, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: South America, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: South America, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: South America, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Brazil, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Brazil, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Brazil, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Middle East, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Middle East, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Middle East, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Africa, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Africa, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 78: Africa, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 79: Berkshire Hathaway Inc. Financial Performance

Table 80: Allianz SE Financial Performance

Table 81: Zurich Insurance Group Ltd. Financial Performance

Table 82: Chubb Limited Financial Performance

Table 83: Tokio Marine Holdings, Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Parametric Insurance Market, Segmentation By Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Parametric Insurance Market, Sub-Segmentation Of Index-Based Insurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Parametric Insurance Market, Sub-Segmentation Of Weather-Based Insurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Parametric Insurance Market, Sub-Segmentation Of Catastrophe Bonds, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Parametric Insurance Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Global Parametric Insurance Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Global Parametric Insurance Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Asia-Pacific, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: Asia-Pacific, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: Asia-Pacific, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: China, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: China, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: China, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: India, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: India, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: India, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Japan, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Japan, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Japan, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Australia, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Australia, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Australia, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Indonesia, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: Indonesia, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: Indonesia, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: South Korea, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: South Korea, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: South Korea, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: Western Europe, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: Western Europe, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: Western Europe, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: UK, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: UK, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: UK, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: Germany, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: Germany, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: Germany, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: France, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: France, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: France, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Italy, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Italy, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Italy, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Spain, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Spain, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Spain, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Eastern Europe, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Eastern Europe, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Eastern Europe, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Russia, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: Russia, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: Russia, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: North America, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: North America, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: North America, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: USA, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: USA, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: USA, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: Canada, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: Canada, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: Canada, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: South America, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: South America, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: South America, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Brazil, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Brazil, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Brazil, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Middle East, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Middle East, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Middle East, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Africa, Parametric Insurance Market, Segmentation By Insurance Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Africa, Parametric Insurance Market, Segmentation By Policy Duration, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 78: Africa, Parametric Insurance Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 79: Berkshire Hathaway Inc. Financial Performance

Figure 80: Allianz SE Financial Performance

Figure 81: Zurich Insurance Group Ltd. Financial Performance

Figure 82: Chubb Limited Financial Performance

Figure 83: Tokio Marine Holdings, Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the Parametric Insurance market?

How will the Parametric Insurance market drivers and restraints affect the market dynamics? What forces will shape the Parametric Insurance industry going forward?

The market major growth driver - Increasing Natural Disasters Fueling the Growth of the Parametric Insurance Market Due to Climate Change and Rising Economic Losses. For further insights on this market, request a sample here

What is the forecast market size or the forecast market value of the Parametric Insurance market?

The parametric insurance market size has grown rapidly in recent years. It will grow from $18.71 billion in 2024 to $21.09 billion in 2025 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to increasing frequency of natural disasters, advancements in technology, demand for faster claims processing, rise in climate change awareness, globalization and business risk management. The parametric insurance market size is expected to see rapid growth in the next few years. It will grow to $34.35 billion in 2029 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to growing impact of climate change, expansion of emerging markets, integration of AI and big data analytics, government support and regulation, consumer demand for customization. Major trends in the forecast period include integration of blockchain technology, expansion into new risk types, collaboration with Insurtech startups, increased use of satellite and remote sensing data, greater adoption in agriculture and crop insurance. For further insights on this market, request a sample here

How is the Parametric Insurance market segmented?

The parametric insurancemarket covered in this report is segmented –
1) By Insurance Type: Index-Based Insurance, Weather-Based Insurance, Catastrophe Bonds, Other Types
2) By Policy Duration: Short-Term Policies, Long-Term Policies, Seasonal Policies
3) By Distribution Channel: Direct Sales, Brokers, Online Platforms
4) By Industry Vertical: Agriculture, Aerospace And Defence, Mining, Construction, Energy And Utilities, Manufacturing, Other Industry Verticals Subsegments:
1) Index-Based Insurance: Commodity Price Index Insurance, Financial Market Index Insurance, Livestock Mortality Index Insurance
2) Weather-Based Insurance: Rainfall Index Insurance, Wind Speed Index Insurance, Freeze Or Frost Index Insurance, Drought Index Insurance
3) Catastrophe Bonds: Peril-Specific Catastrophe Bonds, Industry Loss Warranty (ILW) Bonds, Parametric Catastrophe Bonds, Aggregate Catastrophe Bonds, Multi-Peril Catastrophe Bonds
4) Other Types: Flight Delay Parametric Insurance, Cyber Attack Parametric Insurance, Pandemic Parametric Insurance, Power Outage Parametric Insurance, Political Risk Parametric Insurance For further insights on this market, request a sample here

Which region has the largest share of the Parametric Insurance market? What are the other regions covered in the report?

North America was the largest region in the parametric insurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the parametric insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Who are the major players in the Parametric Insurance market?

What are the key trends in the Parametric Insurance market?

Major trends in this market include AI-Driven Predictive Analytics Enhancing Parametric Insurance Solutions Amid Rising Climate Risks. For further insights on this market, request a sample here.