Expanding parametric coverage options help supplement traditional insurance
Description
Parametric insurance has become a critical tool for managing risks, generally providing organizations with a transparent, data-driven risk financing solution. Its defined triggers generally lead to faster and more predictable payouts compared to traditional indemnity insurance.
In this episode of Risk in Context, Marsh's Steve Harry and Hannah Bassett explore how parametric insurance is evolving. They discuss practical applications that enable organizations to better anticipate and respond to both established and emerging risks, highlighting opportunities to integrate parametric solutions into captive insurance programs for more tailored and flexible risk management.
You can access a transcript of the episode here.
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