September 1, 2023 6 mins
Parametric Insurance: A Complement to Traditional Property Coverage
Many risk buyers remain challenged to find adequate coverage to address a growing protection gap, especially for their cat-prone exposures and other risks. Parametric is an alternative solution that has grown in utilization to insure against a variety of perils in any market conditions.
Key Takeaways
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Natural catastrophes remain a major concern among primary insurers and reinsurers, creating a challenging market situation for buyers.
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Parametric insurance is a unique alternative risk solution that can complement traditional indemnity coverage.