The frequency and severity of weather catastrophes are on the rise. From devastating hurricanes to prolonged droughts, I see these events exposing a glaring global coverage gap in insurance. Aon ...
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. With the insurance industry striving to better understand how factors ...
Accessing parametric insurance policies is crucial to cover the insurance gap for a myriad of events that include man-made or natural catastrophes. Parametric insurance is an innovative alternative, ...
Forbes contributors publish independent expert analyses and insights. I am a risk communicator focused on the impact of weather on business. Parametric insurance is a growing category and the ...
Speed of claims payout is one of the main advantages of parametric insurance over traditional coverage. Another is the breadth of financial loss that can be claimed in the payout of these policies.
If your home was destroyed by a sudden disaster that you couldn't control, you would hope that at the very least, your insurance would cover your losses. However, disaster risk financing systems are ...
With the widespread recent media attention around the insurance crisis in Louisiana, Gov. Jeff Landry recently expressed his frustration with insurance rates, up on average another 6 percent in 2024.
NEW YORK--(BUSINESS WIRE)--Cloud to Street (C2S), a climate adaptation technology company that provides precise, near real-time intelligence on flooding and flood risk, today announced its partnership ...
During this winter of extremes in California, with tragic wildfires raging in the south and most of the season’s rain falling in the north, the insurance market has fallen only deeper into crisis. But ...
From offsetting higher temperatures as cities heat up and cultivating healthier communities, to contributing to local ...
The process of tsunami parametric insurance. An insurance payout is triggered when a tsunami index (e.g., wave height) meets the predefined criteria. If your home was destroyed by a sudden disaster ...
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