Parametric insurance trends: Preparing for climate and emerging risks

Quick Summary:

Parametric insurance is a specialised form of coverage designed to fill the protection gap that conventional insurance often overlooks, particularly in the face of disasters and emerging risks like cyber threats.

The convergence of innovation, regulatory backing, and heightened awareness of climate vulnerabilities underscores the importance of parametric solutions in contemporary risk management.

By utilising predefined triggers and data-driven models, parametric insurance can provide swift payouts across various scenarios.

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Article Details

Author / Journalist: Anuj Kumbhat

Category: StartupsEconomyBusiness

Markets: India

Topics: Threats Policy Disasters Management Climate Risk Protection Parametric Emerging Insurance Risks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 02:30:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 768 words

Reading Time: 5 minutes read

Sentences: 43 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23960093

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 10 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #44

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