Global Parametrics aim to improve access to cover by means of parametric products in emerging markets. These constitute a type of insurance that covers the probability of a predefined event happening, rather than indemnifying actual loss incurred.Read more
- May 17, 2023
Global Parametrics Annual Impact Report 2022
At Global Parametrics, impact is at the heart of everything we do. It guides our mission and vision of a world which is thriving and resilient to extreme weather and natural hazards.
We are delighted to release our 2022 Annual Impact Report, showcasing the incredible progress made toward these ambitions. 2022 marked the sixth year of our continued efforts to close the global protection gap, and with thanks to collaborations with partners long-standing and new, we were able to multiply our impact.
- 23+ million beneficiaries provided with risk protection;
- Protection across 55 low- and middle-income countries;
- Coverage for 6 perils, including: earthquake, flood, tropical cyclone, excess rain, drought and excess wind.
As the nature of climate and disaster risk faced by communities around the world continues to change and intensify, we are encouraged by the progress made in 2022 as a significant foundation to build far greater resilience for those who need it most in the year to come.
Please read our Global Annual Impact Report 2022 here to learn more about our work.
With special thanks to our Natural Disaster Fund partners, the German Government’s Federal Ministry for Economic Cooperation and Development (BMZ), KfW, UK Government’s Foreign, Commonwealth and Development Office, and Hannover Re.
- February 9, 2023
Global Parametrics appoints Tim Ingram as new Board Chair
Global Parametrics is delighted to announce the appointment of Tim Ingram as its new Board Chair with effect from February 2023.
Most recently, Tim was Chair of the Board at each of QBE Insurance (UK) Limited, QBE European Operations plc and QBE Underwriting Limited.
After a long executive career in international banking and a decade in senior non-executive positions within the insurance sector, Tim brings a wealth of knowledge and experience that will be invaluable to Global Parametrics’ continued growth.
Tim succeeds in post Deborah Hazell, the current CEO of Unity Trust Bank, who has served as interim Board Chair of Global Parametrics since the beginning of 2022 and as a Non-Executive Director since 2019.
Deborah’s commitment to, and support for, Global Parametrics and its impact-focussed mission has played a key role in enabling the continued development and evolution of the company.
Angus Kirk, the acting CEO of Global Parametrics said: “We are extremely grateful to Deborah for all that she has contributed to Global Parametrics during the course of the past few years particularly during the past 12 months in her capacity as interim Chair. We have been very fortunate to have the benefit of her wisdom, counsel and expertise in helping to guide Global Parametrics during her time in office. In Tim, we are delighted to have found a successor of the highest calibre and expertise and are really looking forward to working with him to help take Global Parametrics to the next stage of its development”.
Commenting on the appointment, Tim Ingram said: “I am very excited to be joining Global Parametrics as its Board Chair at a very important time in its progress and very much look forward to building on the firm foundations laid by Deborah, the Global Parametrics team and the British and German Governments in creating a sustainable impact delivering financial institution”.