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Parametric Insurance: Addressing a Multitude of Risk Scenarios
Nov 6, 2023, 10:10 AM
by
Colin Harper and Peter E. Lacovara, Managing Directors of Alternative Risk Transfer & Innovation for Aon plc.
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.
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