Parametric insurance is transforming risk transfer by paying claims based on objective triggers like weather data rather than loss assessments. This emerging approach offers faster payouts, reduces moral hazard, and expands coverage to previously uninsurable risks across industries from agriculture...
Artificial intelligence is fundamentally reshaping insurance from risk assessment to claims processing, creating more personalized pricing while raising important questions about privacy, bias, and the evolving role of human expertise in an increasingly automated industry.
Parametric insurance uses automated triggers instead of loss assessments, promising faster payouts through technology like blockchain and IoT. While facing regulatory and precision challenges, it's expanding into new markets from farming to events.
Parametric insurance—which pays automatically when specific triggers occur—is transforming risk management beyond natural disasters. From supply chains to cyber threats, this data-driven approach offers speed and transparency but faces challenges around basis risk and regulation.
Parametric insurance is revolutionizing risk management with automatic payouts triggered by objective data. From climate disasters to supply chain disruptions, this technology offers faster protection while creating new challenges and opportunities across the insurance landscape.