Parametric Insurance Fills Gaps Where Traditional Insurance Falls Short
Parametric Insurance | January 09, 2020
Although parametric solutions have been generally available since the late 1990s, they have more recently found their way into corporate insurance. Parametric insurance solutions offer a means to guarantee direct payout after a qualifying event and protect against unpredictable but potentially devastating risks in ways traditional insurance packages cannot. These insurance solutions may offer alternatives to funding loss that are not possible with traditional insurance products that indemnify for an actual loss sustained.