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• In 2024, the U.S. parametric insurance market was valued at approximately $5.5 billion, accounting for about 91% of the global market share. Globally, the parametric insurance market is expected to expand significantly, with projections estimating it will reach $51.3 billion by 2034. Specifically, North America’s market size is forecasted to grow to around $25.38 billion by 2037. https://www.simplesolve.com/blog/parametric-insurance-when-traditional-risk-models-fail-in-previously-safe-zones

   Insurance,  July 18, 2025

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