Parametric Insurance Trends: Preparing For Climate and Emerging Risks


credit: youtube

Parametric insurance is a specialised form of coverage designed to fill the protection gap that conventional insurance often overlooks.

The landscape of the insurance industry is undergoing a transformative shift as climate change intensifies, bringing with it an increasing frequency and severity of natural disasters.Technological innovations in data analysis and remote sensing have significantly enhanced the accuracy and reliability of parametric insurance.

Parametric insurance can help businesses and communities prepare for climate-related and emerging risks.

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