Driven by the success of its parametric solutions, AXA accelerates the development of these products by launching AXA Global Parametrics that will broaden the range of solutions to better serve existing customers and expand its scope to SMEs and individuals. To lead this new entity, Tanguy Touffut, previously Global Head of Parametric Insurance at AXA Corporate Solutions, was appointed CEO of AXA Global Parametrics, effective March 1st.

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. 

Read the press release and the feature story.