Parametric Insurance isn't new, but its popularity and adoption continue to grow. The use of data within the insurance industry has grown within the last decade allowing for increased accuracy and detection in modelling. Looking at specific case studies, we’ll demonstrate how data is used in parametric solutions and how flood, extreme temperatures, and hurricane products work in action. In this session, you'll learn more about the value of parametric insurance in the current market environment and take a deep dive into a few of the perils plaguing the UK and International market,
Learning Objectives:
- Understand what parametric insurance is and the rise in popularity due to current market conditions
- Gain a deeper understanding of climate change and the impact it’s having on the frequency and severity of weather events and the insurance market
- Comprehend the different data sources and their application in parametric products
- Take a deeper look at flood, extreme temperatures and hurricanes and learn why these climate events occur and the factors that contribute to their severity
- See parametric solutions in action, looking at case studies from real events and clients that have purchased parametric products
Speakers:
Paul Jones, Business Development Director – U.K. & Ireland, Descartes
Alessandro Girelli, Underwriting Manager, Descartes
Philémon Gamet, Underwriting Manager, Descartes