Parametric Insurance

When traditional insurance can’t keep pace with the speed, scale, or complexity of your client’s exposure, parametric solutions offer a smarter alternative. Built around predefined triggers, not loss adjustment, parametric insurance delivers fast, transparent payouts for events that can be measured, modelled, and monitored.

At Price Forbes, we help brokers design and place parametric covers that fill gaps, accelerate claims recovery, and support financial resilience, especially in catastrophe-exposed, emerging, or underinsured markets. We structure bespoke solutions across weather, natural catastrophe, commodity, and specialty risks, with access to both traditional and alternative capital markets.

Whether your client needs a standalone parametric solution or a complement to traditional insurance, we deliver certainty where it matters most: speed, clarity, and control.

Parametric insurance coverages


Parametric insurance is triggered by objective data, so when the index is hit, the payout follows. We help brokers place solutions across:

  • Natural Catastrophe (Nat Cat)
    Triggers include earthquake magnitude, wind speed, rainfall, temperature, or storm surge—ideal for regions with limited physical damage data or modelling gaps.
  • Weather Risk
    Covers for temperature, precipitation, or snowfall indexes—critical for energy producers, agriculture, construction, and events.
  • Commodity Price Volatility
    Index-based cover for price swings in energy, metals, or agricultural commodities.
  • Crop Yield or Soil Moisture
    Remote-sensing solutions for agribusiness clients operating in challenging climates.
  • Event Cancellation / Footfall
    Indexed covers for ticket sales, event-day weather, or crowd attendance.
  • Revenue Protection
    Triggered when external factors (like weather or traffic levels) impact expected revenue.
  • Hybrid Programmes
    Combining parametric and indemnity cover for nuanced, high-value or multinational exposures.

We work with leading parametric underwriters and data providers to build robust trigger logic and align coverage to your client’s financial risk profile.

Industries we support with Parametric solutions


We work with brokers placing parametric insurance for clients in sectors where speed of recovery and quantifiable exposure are critical:

Parametric insurance

Frequently Asked Questions

There’s no loss adjustment. Payouts are triggered automatically once the agreed index threshold is reached, based on independent data sources.

Yes. It can sit alongside indemnity policies to fill gaps, speed up recovery, or cover hard-to-insure exposures.

A clear understanding of the exposure, trigger type, historical data, and payout structure. We help brokers and clients define the risk and build suitable models.

Yes. Parametric insurance is often most effective in emerging or Nat Cat-exposed markets, but we place programmes worldwide.

We work with trusted, independent third-party data providers (e.g. NOAA, Swiss Re, satellite vendors) to ensure credibility and claims transparency.

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Our insurance experts are always on hand to talk about ways we can join forces to take on the future.

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