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Global Parametric Insurance Market Research Report 2024
Synopsis
Parametric insurance is a non-traditional insurance product that offers pre-specified payouts based upon a trigger event.Trigger events depend on the nature of the parametric policy and can include environmental triggers such as wind speed and rainfall measurements, business-related triggers such as foot traffic,and more. Parametric insurance policies have most frequently been implemented in developing economies, oftentimes for agriculture insurance.
Global Parametric Insurance market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Parametric Insurance market research.
Key companies engaged in the Parametric Insurance industry include Allianz, AXA XL, Chubb, FloodFlash, Jumpstart Insurance Solutions, Inc., Berkshire Hathaway Specialty Insurance, Munich Re, Global Parametrics and Swiss Re, etc. Among those companies, the top 3 players guaranteed % supply worldwide in 2022.
When refers to consumption region, % value of Parametric Insurance were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole Parametric Insurance market and estimated to attract more attentions from industry insiders and investors.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Parametric Insurance market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Allianz
AXA XL
Chubb
FloodFlash
Jumpstart Insurance Solutions, Inc.
Berkshire Hathaway Specialty Insurance
Munich Re
Global Parametrics
Swiss Re
Zurich American Insurance Company
Segment by Type
Natural Catastrophes Insurance
Specialty Insurance
Others
Segment by Application
Agriculture
Aerospace & Defense
Construction
Energy & Utiities
Manufacturing
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
The Parametric Insurance report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies’ Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
Parametric insurance is a non-traditional insurance product that offers pre-specified payouts based upon a trigger event.Trigger events depend on the nature of the parametric policy and can include environmental triggers such as wind speed and rainfall measurements, business-related triggers such as foot traffic,and more. Parametric insurance policies have most frequently been implemented in developing economies, oftentimes for agriculture insurance.
Global Parametric Insurance market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Parametric Insurance market research.
Key companies engaged in the Parametric Insurance industry include Allianz, AXA XL, Chubb, FloodFlash, Jumpstart Insurance Solutions, Inc., Berkshire Hathaway Specialty Insurance, Munich Re, Global Parametrics and Swiss Re, etc. Among those companies, the top 3 players guaranteed % supply worldwide in 2022.
When refers to consumption region, % value of Parametric Insurance were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole Parametric Insurance market and estimated to attract more attentions from industry insiders and investors.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Parametric Insurance market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Allianz
AXA XL
Chubb
FloodFlash
Jumpstart Insurance Solutions, Inc.
Berkshire Hathaway Specialty Insurance
Munich Re
Global Parametrics
Swiss Re
Zurich American Insurance Company
Segment by Type
Natural Catastrophes Insurance
Specialty Insurance
Others
Segment by Application
Agriculture
Aerospace & Defense
Construction
Energy & Utiities
Manufacturing
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
The Parametric Insurance report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies’ Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Parametric Insurance Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Natural Catastrophes Insurance
1.2.3 Specialty Insurance
1.2.4 Others
1.3 Market by Application
1.3.1 Global Parametric Insurance Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Agriculture
1.3.3 Aerospace & Defense
1.3.4 Construction
1.3.5 Energy & Utiities
1.3.6 Manufacturing
1.3.7 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Parametric Insurance Market Perspective (2018-2029)
2.2 Parametric Insurance Growth Trends by Region
2.2.1 Global Parametric Insurance Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Parametric Insurance Historic Market Size by Region (2018-2023)
2.2.3 Parametric Insurance Forecasted Market Size by Region (2024-2029)
2.3 Parametric Insurance Market Dynamics
2.3.1 Parametric Insurance Industry Trends
2.3.2 Parametric Insurance Market Drivers
2.3.3 Parametric Insurance Market Challenges
2.3.4 Parametric Insurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Parametric Insurance Players by Revenue
3.1.1 Global Top Parametric Insurance Players by Revenue (2018-2023)
3.1.2 Global Parametric Insurance Revenue Market Share by Players (2018-2023)
3.2 Global Parametric Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Parametric Insurance Revenue
3.4 Global Parametric Insurance Market Concentration Ratio
3.4.1 Global Parametric Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Parametric Insurance Revenue in 2022
3.5 Parametric Insurance Key Players Head office and Area Served
3.6 Key Players Parametric Insurance Product Solution and Service
3.7 Date of Enter into Parametric Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Parametric Insurance Breakdown Data by Type
4.1 Global Parametric Insurance Historic Market Size by Type (2018-2023)
4.2 Global Parametric Insurance Forecasted Market Size by Type (2024-2029)
5 Parametric Insurance Breakdown Data by Application
5.1 Global Parametric Insurance Historic Market Size by Application (2018-2023)
5.2 Global Parametric Insurance Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Parametric Insurance Market Size (2018-2029)
6.2 North America Parametric Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Parametric Insurance Market Size by Country (2018-2023)
6.4 North America Parametric Insurance Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Parametric Insurance Market Size (2018-2029)
7.2 Europe Parametric Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Parametric Insurance Market Size by Country (2018-2023)
7.4 Europe Parametric Insurance Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Parametric Insurance Market Size (2018-2029)
8.2 Asia-Pacific Parametric Insurance Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Parametric Insurance Market Size by Region (2018-2023)
8.4 Asia-Pacific Parametric Insurance Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Parametric Insurance Market Size (2018-2029)
9.2 Latin America Parametric Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Parametric Insurance Market Size by Country (2018-2023)
9.4 Latin America Parametric Insurance Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Parametric Insurance Market Size (2018-2029)
10.2 Middle East & Africa Parametric Insurance Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Parametric Insurance Market Size by Country (2018-2023)
10.4 Middle East & Africa Parametric Insurance Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Allianz
11.1.1 Allianz Company Detail
11.1.2 Allianz Business Overview
11.1.3 Allianz Parametric Insurance Introduction
11.1.4 Allianz Revenue in Parametric Insurance Business (2018-2023)
11.1.5 Allianz Recent Development
11.2 AXA XL
11.2.1 AXA XL Company Detail
11.2.2 AXA XL Business Overview
11.2.3 AXA XL Parametric Insurance Introduction
11.2.4 AXA XL Revenue in Parametric Insurance Business (2018-2023)
11.2.5 AXA XL Recent Development
11.3 Chubb
11.3.1 Chubb Company Detail
11.3.2 Chubb Business Overview
11.3.3 Chubb Parametric Insurance Introduction
11.3.4 Chubb Revenue in Parametric Insurance Business (2018-2023)
11.3.5 Chubb Recent Development
11.4 FloodFlash
11.4.1 FloodFlash Company Detail
11.4.2 FloodFlash Business Overview
11.4.3 FloodFlash Parametric Insurance Introduction
11.4.4 FloodFlash Revenue in Parametric Insurance Business (2018-2023)
11.4.5 FloodFlash Recent Development
11.5 Jumpstart Insurance Solutions, Inc.
11.5.1 Jumpstart Insurance Solutions, Inc. Company Detail
11.5.2 Jumpstart Insurance Solutions, Inc. Business Overview
11.5.3 Jumpstart Insurance Solutions, Inc. Parametric Insurance Introduction
11.5.4 Jumpstart Insurance Solutions, Inc. Revenue in Parametric Insurance Business (2018-2023)
11.5.5 Jumpstart Insurance Solutions, Inc. Recent Development
11.6 Berkshire Hathaway Specialty Insurance
11.6.1 Berkshire Hathaway Specialty Insurance Company Detail
11.6.2 Berkshire Hathaway Specialty Insurance Business Overview
11.6.3 Berkshire Hathaway Specialty Insurance Parametric Insurance Introduction
11.6.4 Berkshire Hathaway Specialty Insurance Revenue in Parametric Insurance Business (2018-2023)
11.6.5 Berkshire Hathaway Specialty Insurance Recent Development
11.7 Munich Re
11.7.1 Munich Re Company Detail
11.7.2 Munich Re Business Overview
11.7.3 Munich Re Parametric Insurance Introduction
11.7.4 Munich Re Revenue in Parametric Insurance Business (2018-2023)
11.7.5 Munich Re Recent Development
11.8 Global Parametrics
11.8.1 Global Parametrics Company Detail
11.8.2 Global Parametrics Business Overview
11.8.3 Global Parametrics Parametric Insurance Introduction
11.8.4 Global Parametrics Revenue in Parametric Insurance Business (2018-2023)
11.8.5 Global Parametrics Recent Development
11.9 Swiss Re
11.9.1 Swiss Re Company Detail
11.9.2 Swiss Re Business Overview
11.9.3 Swiss Re Parametric Insurance Introduction
11.9.4 Swiss Re Revenue in Parametric Insurance Business (2018-2023)
11.9.5 Swiss Re Recent Development
11.10 Zurich American Insurance Company
11.10.1 Zurich American Insurance Company Company Detail
11.10.2 Zurich American Insurance Company Business Overview
11.10.3 Zurich American Insurance Company Parametric Insurance Introduction
11.10.4 Zurich American Insurance Company Revenue in Parametric Insurance Business (2018-2023)
11.10.5 Zurich American Insurance Company Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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