parametric insurance

Introduction to Parametric Insurance Parametric insurance is an innovative approach to risk management that offers coverage based on predefined parameters or metrics, rather than the traditional assessment of loss. Unlike conventional insurance policies, which evaluate claims based on the damage incurred or losses suffered, parametric insurance triggers payment when specific conditions are met. For instance, … Read more

Introduction to Parametric Insurance Parametric insurance represents a transformative approach in the insurance landscape, characterized by its streamlined and expedited payout mechanisms. Unlike traditional insurance, which hinges on detailed loss assessments and claims adjustments to determine reimbursement, parametric insurance relies on predefined triggers or parameters. These parameters are usually objective data points such as wind … Read more