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New Parametric Insurance Tackles Hurricane Storm Surge Risks

2/5/2025

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Summary

Aon Launches Parametric Insurance

Aon, Floodbase, and Swiss Re have unveiled a groundbreaking parametric insurance solution designed to combat the devastating storm surge risks posed by hurricanes in the U.S. By leveraging real-time meteorological data, this innovative product promises swift payouts based on water height, providing crucial protection where traditional policies fall short—especially in the wake of the catastrophic losses from Hurricanes Helene and Milton in 2024.

Summary

Academia Bridges Industry

To tackle climate change effectively, we must bridge the gap between academia and industry through credible research and collaboration. Harnessing AI for data analysis, improving communication about uncertainties, and merging climate models with catastrophe assessments are vital strategies. Ongoing evaluation of research quality is crucial for making informed decisions in our fight against climate impacts.

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Aon Launches Parametric Insurance

Aon, Floodbase, and Swiss Re have unveiled a groundbreaking parametric insurance solution designed to combat the devastating storm surge risks posed by hurricanes in the U.S. By leveraging real-time meteorological data, this innovative product promises swift payouts based on water height, providing crucial protection where traditional policies fall short—especially in the wake of the catastrophic losses from Hurricanes Helene and Milton in 2024.

1 / 2