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 ...
Parametric insurance pays out based on whether or not an event, such as a natural disaster, happens within the parameters of your policy. If you are a homeowner, parametric insurance can be a good ...
Considering its 200-year history, parametric insurance has been slow to adopt, with conventional insurers regarding it as a niche proposition, suited for the hardest-to-insure exposures. Inflation and ...
PAKISTAN stands at the front lines of the global climate crisis. From heatwaves and droughts to devastating floods that threaten lives and livelihoods each year, the economic and human toll of climate ...
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 ...
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Parametric Insurance: Can it provide the financial safety net India needs against climate risks?
Between 2000 and 2019, India experienced the third-highest number of natural disaster events globally. The future looks grim as the frequency and intensity of these disasters are projected to increase ...
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.
India’s agriculture sector employs nearly half of the population and contributes about 18 per cent to the GDP. It relies on smallholder farmers, representing around 86 per cent of the farm holdings.
https://www.thehindubusinessline.com/money-and-banking/india-explores-nationwide-climate-linked-insurance-to-tackle-weather-disasters/article70131024.ece Copy India's ...
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