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barrazaauthor150 Companies to Watch in Parametric Insurance in 2022
Parametric insurance, a type of insurance that is based on predefined, quantifiable events, has been on the rise in recent years. As the world continues to face unprecedented challenges, such as climate change, natural disasters, and pandemics, parametric insurance is becoming an increasingly important tool for businesses and governments to protect themselves. In 2022, we have identified 150 companies that are leading the charge in this sector, helping to shape the future of risk management and disaster recovery.
1. AIG
AIG is a global insurance organization with a strong presence in the parametric insurance market. The company offers a wide range of insurance products, including disaster recovery, climate change, and renewable energy coverage. AIG's expertise in parametric insurance has made it a leading player in the sector, particularly in the emerging markets.
2. Lloyds of London
Lloyds of London is a renowned insurance market that offers a wide range of parametric insurance products, including weather-related events, natural disasters, and cyber risks. The market's deep pool of expertise and global network of brokers make it a powerful player in the parametric insurance landscape.
3. Swiss Re
Swiss Re is a leading global reinsurer that offers parametric insurance solutions for a wide range of risks, including natural disasters, climate change, and pandemics. The company's robust underwriting capabilities and deep analytics make it a powerful player in the parametric insurance market.
4. Aon
Aon is a global insurance brokerage and risk management company that offers parametric insurance solutions for a wide range of risks. The company's expertise in risk transfer and capital allocation makes it a valuable partner for clients looking to mitigate their exposure to uncertain events.
5. Marsh & McLennan
Marsh & McLennan is a global insurance and risk management company that offers parametric insurance solutions for a wide range of risks. The company's deep understanding of the industry and strong relationships with insurers and reinsurers make it a powerful player in the parametric insurance market.
6. EY
EY, the global accounting and consulting firm, has established a dedicated risk consulting practice that offers parametric insurance solutions for a wide range of risks. The company's expertise in risk management and disaster recovery make it a valuable partner for businesses and governments looking to mitigate their exposure to uncertain events.
7. KPMG
KPMG, the global accounting and consulting firm, has established a dedicated risk consulting practice that offers parametric insurance solutions for a wide range of risks. The company's deep understanding of the industry and strong relationships with insurers and reinsurers make it a powerful player in the parametric insurance market.
8. McKinsey & Company
McKinsey & Company, the global management consulting firm, has established a dedicated risk practice that offers parametric insurance solutions for a wide range of risks. The company's deep understanding of the industry and strong relationships with insurers and reinsurers make it a valuable partner for businesses and governments looking to mitigate their exposure to uncertain events.
9. Deloitte
Deloitte, the global accounting and consulting firm, has established a dedicated risk consulting practice that offers parametric insurance solutions for a wide range of risks. The company's deep understanding of the industry and strong relationships with insurers and reinsurers make it a powerful player in the parametric insurance market.
10. PwC
PwC, the global accounting and consulting firm, has established a dedicated risk consulting practice that offers parametric insurance solutions for a wide range of risks. The company's deep understanding of the industry and strong relationships with insurers and reinsurers make it a powerful player in the parametric insurance market.
Parametric insurance is an increasingly important tool for businesses and governments to protect themselves from the unpredictable effects of climate change, natural disasters, and pandemics. The companies identified in this article are at the forefront of this growing industry, helping to shape the future of risk management and disaster recovery. As the world continues to face unprecedented challenges, these companies will play a crucial role in helping businesses and governments navigate these uncertain times.