Parametric insurance products can help to address the increasing protection gap arising in respect of climate-related physical risk. As AI and data-collecting technology develops, more business areas ...

The frequency and severity of weather catastrophes are on the rise. From devastating hurricanes to prolonged droughts, I see these events exposing a glaring global coverage gap in insurance. Aon ...

The use of this type of insurance is not new but it is increasingly popular. The first parametric insurance products—which pay when certain parameters are met, regardless of the actual loss assessment ...

Using smart contracts to provide insurance allows participants to bypass the claims process and receive funds more quickly because providers know that claims are paid out based on predetermined, ...