OREANDA-NEWS. Driven by the success of its parametric solutions, AXA accelerates the development of these products by launching AXA Global Parametrics. Parametric insurance is based on the use of a parameter correlated to a client’s damages or losses. A wide variety of risks can be covered through parametric insurance, such as adverse weather affecting businesses or causing crop losses.

Since 2014, AXA’s parametric insurance team, then part of AXA Corporate Solutions, has developed a market-leading expertise in climate risks and worked with many different actors in various sectors across the world, i.e. weather-sensitive corporates in agriculture, renewable energy, construction, transportation, leisure and textiles, as well as with international institutions and governments.