Parametric Insurance
Capital Solutions / Online seminar
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General description
Natural catastrophes such as hurricanes or earthquakes can cause losses to property that are in some cases not or only partially covered by traditional property insurance policies. At the same time, in our increasingly digitalised world, more digital information, including that from new sensor technologies, is becoming available with regard to geo hazards. As a result, Parametric Insurance is increasingly being used to protect against risks otherwise considered to be uninsurable.
The fact that independent third parties provide data for Parametric Insurance offers the parties involved good transparency and serves to offset potential conflicts of interest. Additionally, Parametric Insurance supports fast and lean claims processes, which makes the concept attractive for insureds and insurers alike.
Contents
- Introduction / Overview
- Parametric Insurance in comparison to Traditional Insurance and ILS / ART
- Motivation for parametric covers
- Trigger Types and associated characteristics including Basis Risk
- Product types and industry examples
- Regulatory and Accounting aspects (Quality Assurance)
- Munich Re’s parametric solutions and products
Level
Target group
Language
Registration process
Date
25 May 2023
Deadline for registration
24 May 2023
