Global Parametric Insurance Market Size, Segmentation, Trends, and Growth Analysis Forecast by 2031

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The global parametric insurance market was valued at approximately $15.8 billion in 2023 and is projected to reach $40.6 billion by 2033, growing at a compound annual growth rate (CAGR) of 9.9% over the forecast period.

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The market for parametric insurance was estimated to be worth $15.8 billion in 2023 and is expected to expand at a CAGR of 9.9% to reach $40.6 billion by 2033.