This webinar will cover:
• The two basic components of this type of cover which define the scope of the policy, pricing, and the conditions under which the insured receives reimbursement:
• A triggering event
• A payout process
• New developments
• The results of a survey of Airmic members conducted in September 2022
• The advantages of parametric covers over more traditional solutions
• Basis Risk and how to avoid failing to meet cover expectations
• Case studies where parametric cover has been successfully used.
After this session you will be able to:
• Explain the concept of parametric insurance
• Appreciate where parametric insurance might operate alongside more conventional insurance covers
• Consider the types of risk that might be suitable for a parametric solution
• Mitigate the impact of Basis Risk.
Speakers:
- Fanny Dunner, Commercial Development Underwriter – Generali
- Julia Graham, CEO, Airmic