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Our insights today come from Susan Holliday, board director and adviser, who speaks about her global career in the insurance industry, spotting new risks and turning them into opportunities.
A parametric solution helps bolster existing levels of cover and provides liquidity, says Cole Mayer, head of parametric solutions at Aon. Used as a standalone product or with traditional and ...
Parametric insurance provides rapid payout for policyholders based on predetermined thresholds such as wind velocity or rainfall, rather than damage sustained. Globally, it is expected to surge ...
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Researchers are looking for area residents to participate in a pilot program for parametric insurance. The Climate Adaptation Center predicts an extremely active 2025 season, ...
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The insurer knows how much the insurance subscriber will pay, and the subscriber understands the amount of coverage it will get. Both are aware of the conditions necessary to green-light the payment.
Parametric insurance pays a set amount based on the magnitude of the event, rather than the magnitude of the losses in a traditional indemnity policy.