fastTrack: From Theory to Practice - A real parametric claim

Claim case study key points:

Pre policy:

Why did the client consider parametric insurance?

How did they work out the coverage they needed?

How does Indemnity work with this cover is it excluded?

What key questions did the client have before they made the decision?

Post policy:

What is the claims process?

How did it work in practice?

What was covered?

Can you reinstate the cover? And did the client reinstate?

What happened to the reinstatement premium?

Do you help the client recover?

What did the client say?

By the end of the session, you will be able to:

• Understand the basics of Parametric Insurance and the solutions.
• Identify opportunities where parametric combined with indemnity enhance your client's coverage.
• Identify when/how to use Parametric Solutions.
• Know how to integrate loss adjusters when working on hybrid parametric and indemnity policies.
• Understand practical steps to building hybrid parametric and indemnity policies.

Speaker - Ola Jacob, Business Development Director, Descartes Underwriting.