Sales Deck Copyright Riskwolf AG Why Parametric Insurance Will Grow 7 Climate change and the resulting increase in extreme weather events resulted in USD 183bn of global disaster losses were uninsured (58% of total). In some cases, a parametric policy is simply the better solution and thus indemnity policies will partially be replaced by parametric There are three major growth drivers for parametric insurance: Yearly average growth rates of parametric markets outperform overall market development Cover new and previously uninsured or inadequately covered risks , for instance parametric microinsurance for farmers and cyber non-damage business interruption coverage.