Parametric: the time is now as the concept enjoys a renaissance
03-02-2023
Cyber parametric is on its way
25-10-2022
Six experts at the leading edge of parametric insurance share insights on where this type insurance is heading and what global changes and technological advances will help it get there.
Key takeaways
- 90 percent of internet of things/parametric potential ‘is still to come’
- More affordable satellites open up previously unobtainable possibilities
- Improvements in flood mapping resolution bring better risk pricing
- Sensors ‘in your back yard’ will bolster trust in insurance
Parametric insurance, a simple index-linked form of cover, has a lot of unrealised potential. Newly accessible and more affordable tech means the evolution of parametrics could take a very different path from the one expected. Panellists from two Intelligent Insurer debates on the topic share their thoughts on what could shape the future of parametrics.
The rest of this article is locked for subscribers only. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, including all our online content. Please use this link and follow the steps.
To request a FREE 2-week trial subscription, use the same link but select the 'trial' option in the dropdown box. NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Parametric insurance, Renaissance, Swiss Re, Skyline Partners, Floodflash, Blink Parametric, Risks, MGA, Technology, Climate Change, Property Cat, Global
