Parametric Insurance Market: Fast-Track Risk Solutions for a...

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2025-09-16 06:53:58 - Translate

Parametric Insurance Market: Fast-Track Risk Solutions for a Climate-Challenged World

Introduction The Parametric Insurance Market, valued at USD 15.99 billion in 2024, is projected to reach USD 34.62 billion by 2032, growing at a 10.1% CAGR (2025–2032). Unlike traditional indemnity insurance, parametric insurance relies on predefined triggers (such as wind speed, rainfall, or temperature) for immediate payouts — eliminating lengthy claims inspections. With rising...

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