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parametric insurance

News Insurance

Why parametric options should be on every broker’s radar

October 15, 2020 by Adam Malik

Advising clients of parametric options will allow brokers and insurers to enhance their value and open up opportunities to provide more options for risk transfer and solutions to coverage issues that couldn’t be solved under traditional measures, says an insurer

News ClaimsInsuranceMarkets / CoveragesReinsurance

One solution for non-damage business interruption

February 21, 2019 by Jason Contant

Parametric insurance can help fill a gap in some policies by covering non-damage business interruption, a speaker said Tuesday at AXA XL’s Fast Forward LIVE event in downtown Toronto. Caused by a variety of factors, including severe weather conditions, non-damage

News InsuranceMarkets / CoveragesReinsurance

The two main benefits of parametric insurance

February 20, 2019 by Jason Contant

Speed is one of the main benefits of parametric insurance compared to traditional forms of insurance, with the underwriting process taking just several days to two weeks, speakers from AXA Global Parametrics in France said Tuesday. Parametrics is index-based insurance,

News CatastrophesInsuranceMarkets / CoveragesReinsurance

Index-linked insurance helps reduce adverse selection: Swiss Re

September 13, 2016 by Canadian Underwriter

A reinsurance program can help mutual insurers free up funds that can be spent elsewhere, while index-based insurance can help provide coverage for business interruption not caused by property damage – such as software and electrical power failures – Swiss