The promise of parametric insurance
Why in the news? In 2023, natural disaster losses hit $280 billion, with only $100 billion insured, highlighting a need for innovative insurance solutions amid rising extreme weather events. Present Method of Disaster Risk Reduction Indemnity-based Insurance Products: Indemnity-based insurance products require a physical assessment of damage after a disaster to determine the payout amount.… Continue reading The promise of parametric insurance

