Key Market Players Prominent companies in the global parametric insurance market include: Munich Re, QBE Insurance Group Limited, Hannover Rück SE, Chubb, Jumpstart Insurance Solutions, Inc., AXA XL, FloodFlash, Global Parametrics, Swiss Re, Zurich American Insurance Company, SCOR SE, Sompo Holdings, Inc., Beazley Group, Allianz, and Berkshire Hathaway Specialty Insurance. These players are leveraging strategies such as partnerships, technological innovation, and regional expansion to strengthen their market presence and capture emerging opportunities. Request Customization : Key Findings of the Study The Specialty Insurance segment led the market in terms of revenue in 2023. The Construction segment accounted for the largest market share by industry vertical in 2023. North America generated the highest revenue in 2023 and is expected to continue its dominance throughout the forecast period.