Parametric Flood Insurance: Parametric flood insurance, in general, protects against an event. It’s a trigger when that event happens, you get a claim payout immediately. That payout is based on a specific, …
Travel and tourism are more than just a getaway they are an economic powerhouse. In 2024, the industry contributed a record $11.1 trillion to global GDP, representing 10% of the world’s economy. …
Parametric insurance is an Innovative Insurance model that relies on technology for Rapid payouts this approach differs significantly from traditional insurance as it uses an event trigger mechanism instead of assessing losses …
The accuracy and data of trigger verification plays an important role in claiming a parametric insurance. Nowadays drones, advanced sensors, and real time data are being used by insurance companies to confirm …
Most of us will have heard of parametric insurance in one way or another, and based on some of the extreme weather that we’ve seen globally this year, its relevance within the …
Traditional Insurance Vs Parametric Insurance: Once the event occurs in the traditional insurance, then there’s a lot of process to go through before you actually get it paid out. You have to …
Cargo Delay Insurance: We are all aware of the challenges when supply chains come under pressure blockages in the Suez Canal, wars in Ukraine, and things like that. It’s very hard to …
Parametric insurance is a relatively new concept that’s getting increased attention as a way to provide faster and more flexible funds to victims of disasters. Most of the US citizens and corporates …
Wildfires and related insurance coverage considerations for impacted industries involve understanding both operational and legal landscapes. Wildfire season every year burns millions of acres across the United States. While wildfire season had …
Parametric insurance is being hailed as a breakthrough in climate resilience in the United States but trust issues, limited awareness, and structural challenges continue to restrict its broader adoption. The Myths and …