The last year has presented a watershed moment for our perceptions of risk, as a once-in-a-century pandemic has collided with wider spread climate disruption than ever before. As supply chain issues, business disruption and unpredictable weather has come into sharper focus, the industry is looking to parametric, or index-based, insurance to insure increasingly volatile risks.
By fixing claims payments to pre-determined risk triggers, parametric insurance is able to provide unprecedented certainty and security for the some of the most volatile risks. This week, we ask how far reaching the uptake of parametric insurance will be, and is this the future of risk mitigation?
Agenda
What are the use cases for parametric insurance?
Are there risks that can now be insured for the first time?
Are market conditions moving in favour of parametric insurance?
Insurtech Insights is a global ecosystem aiming to connect industry leaders and decision makers with innovative startups who are challenging the insurance market, in order to create mutual business opportunities and accelerate growth.