Parametric Weather Insurance Emerges as a Strategic Risk Instrument for SMEs Amid Rising Climate Volatility
According to Research Intelo, the Global Parametric SME Weather Insurance market size was valued at $1.2 billion in 2024 and is projected to reach $4.5 billion by 2033, expanding at a robust CAGR of 15.7% during the forecast period of 2025 to 2033. The primary factor driving this impressive growth is the increasing frequency and severity of weather-related events, which has heightened risk…