Emerging risks and insurance arrangements

Parametric Insurance

Specialist arrangement

Provides a pre-agreed payment when a measurable event or index reaches the policy's trigger, rather than calculating payment solely from the insured's actual financial loss.

Illustrative example

A specified cyclone wind speed recorded near an insured site activates the agreed payment formula.

Check the wording

The trigger may produce no payment despite loss, or a payment unlike the loss; assess this mismatch carefully.

Back to cover list

Weather Insurance

Specialist arrangement

Addresses selected financial effects of adverse weather, often using measured rainfall, temperature or wind thresholds to determine payments instead of requiring physical damage to insured property.

Illustrative example

Recorded rainfall falls below an agreed seasonal threshold, affecting a business dependent on reliable water availability.

Check the wording

Check measurement location, data source, observation period and payout formula; some weather risk solutions are derivatives rather than insurance.

Back to cover list

Renewable Energy Performance

Specialist arrangement

Addresses agreed shortfalls in renewable energy production or revenue from specified causes, potentially using weather indices or technical performance triggers rather than conventional physical damage cover.

Illustrative example

A solar project's insured sunlight index falls below its agreed threshold during the specified measurement period.

Check the wording

Separate weather shortfalls, equipment performance and electricity price exposure; availability and insured causes depend on individually negotiated terms.

Back to cover list

Intellectual Property Insurance

Addresses selected legal costs or liabilities from intellectual property disputes, with defending infringement allegations and pursuing infringement of the insured's rights requiring different agreed cover sections.

Illustrative example

A manufacturer receives a claim alleging that its newly marketed product infringes another company's patent.

Check the wording

Check rights, territories, prior disputes, insurer consent and whether defence, damages or enforcement costs are actually included.

Back to cover list

Reputation / Crisis Management

Specialist arrangement

Addresses specified crisis response expenses, such as communications support after an insured event, with any protection for resulting revenue losses requiring a separately defined trigger and calculation.

Illustrative example

A serious insured incident attracts public scrutiny and the business engages approved crisis communications advisers.

Check the wording

Ordinary criticism or falling brand value is not automatically covered; confirm event definitions, approved advisers and expense limits.

Back to cover list

Supply Chain Insurance

Specialist arrangement

Addresses agreed financial disruption from insured events affecting suppliers, customers or logistics dependencies, extending beyond the business's own premises only to the extent explicitly included.

Illustrative example

An insured event at a critical component supplier stops deliveries and interrupts the manufacturer's production schedule.

Check the wording

Identify insured suppliers, locations and dependency tiers; physical damage requirements, non-damage extensions and insolvency exclusions can materially narrow cover.

Back to cover list

Non-Damage Business Interruption

Specialist arrangement

Addresses defined revenue losses or extra expenses from specified events without conventional physical property damage, but does not insure every interruption that leaves buildings or equipment intact.

Illustrative example

An expressly insured regulatory suspension prevents a manufacturer operating even though its premises remain physically undamaged.

Check the wording

The non-damage event must be expressly insured; check waiting periods, loss calculations, indemnity duration and disease or cyber exclusions.

Back to cover list

Pandemic / Communicable Disease

Specialist arrangement

Addresses selected financial effects of disease outbreaks through narrowly defined extensions or bespoke structures, sometimes using outbreak thresholds; broad pandemic protection should not be assumed available.

Illustrative example

A business explores a specialist arrangement responding when defined disease outbreak conditions exceed an agreed threshold.

Check the wording

Availability is limited and terms are highly specific; verify diseases, geographic triggers, exclusions and maximum payments before relying on cover.

Back to cover list

Digital Assets / Crypto Crime

Specialist arrangement

Addresses selected theft, custody or other expressly insured losses involving digital assets, using specialist security and valuation requirements rather than covering the full risks of cryptocurrency ownership.

Illustrative example

A qualified custodian suffers theft from an insured wallet arrangement following a specified security breach.

Check the wording

Confirm wallets, custody controls and insured assets; market declines, exchange failure, scams and protocol failures may remain uninsured.

Back to cover list

Carbon Credit Insurance

Specialist arrangement

Addresses selected risks affecting carbon projects or credits, such as insured reversal, invalidation or delivery failure, with the covered stage and cause requiring bespoke assessment.

Illustrative example

An insured event reverses carbon storage supporting issued credits, creating a defined replacement obligation.

Check the wording

Project standards, verification, insured causes and replacement terms matter; price falls and every form of credit invalidity are not automatically covered.

Back to cover list