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AXA and WTW Launch Parametric Programme to Protect Caribbean’s Second-Largest Coral Reef

Summary by ReinsuranceNe.ws
AXA COLPATRIA, AXA Climate, Fondo Acción, and WTW Alternative Risk Transfer, have jointly designed a parametric insurance programme to protect coral reefs in the Colombian Archipelago of San Andrés, Providencia and Santa Catalina. In this effort, the coalition of partners is being supported by the Ocean Risk and Resilience Action Alliance (ORRAA) and the MAR Fund, with funding provided by the Blue Action Fund. “Part of a UNESCO World Heritage Si…
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insurance-edge.net broke the news in on Wednesday, August 27, 2025.
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