Parametric Insurance: Addressing a Multitude of Risk Scenarios
Published November 2023 • Business Insurance
The risk environment is becoming more challenging, with an increase in extreme weather and natural catastrophe events, leading to a constrained market for traditional risk transfer solutions. Difficult as these conditions are for insurance buyers, they also open the door for creative risk-financing options. Parametric insurance is one innovative approach that is attracting wide interest.
Posted on Nov 6, 2023
By Colin Harper and Peter E. Lacovara, Managing Directors of Alternative Risk Transfer & Innovation for Aon plc.
Source