New parametric insurance solution for US coastal storm surge

Developed by Aon, Floodbase and Swiss Re Corporate Solutions

Tony DowdingFebruary 7, 2025
U.S. Airmen assigned to the 202nd Rapid Engineer Deployable Heavy Operational Repair Squadron Engineers (RED HORSE) Squadron, Florida Air National Guard, clear roads in Keaton Beach, Florida, after the landfall of Hurricane Helene, Sept. 27, 2024.
The Florida National Guard cleaning damage in Keaton Beach, Florida, following Hurricane Helene. Credit: The National Guard

A new parametric insurance solution designed to address and mitigate losses from hurricane-related storm surge along the coast of the US has been launched by Aon, developed in collaboration with parametric flood expert Floodb...

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Tony DowdingFebruary 7, 2025
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