Parametric insurance uses objective triggers like wind speed or rainfall to automate claims payments, bypassing traditional damage assessments. This emerging approach delivers faster disaster recovery and is transforming how businesses and communities manage climate risks through technology-driven solutions.
Climate change is forcing insurers to completely rethink risk assessment as traditional models fail. From wildfires to hurricanes, the industry faces unprecedented challenges in pricing and coverage while developing innovative solutions for a warming world.
Parametric insurance uses automated triggers like wind speed or earthquake data to pay claims within days instead of months. This revolutionary approach is transforming disaster recovery for businesses and homeowners while challenging traditional insurance models.
Parametric insurance is transforming disaster recovery with automatic payouts triggered by specific events rather than damage assessments. This innovative approach provides immediate liquidity after catastrophes, helping communities and businesses recover faster while expanding coverage to previously uninsurable risks.
Climate change is forcing the insurance industry to abandon traditional risk models as extreme weather events rewrite the rules. From non-renewals in fire zones to parametric innovations, discover how insurers are adapting to our new environmental reality.