Another Specialty Broker Begins Selling Pandemic Insurance Coverage July 28, 2020 By Don Jergler A Newport Beach, Calif.-based specialty broker believes that now is the best time to start offering pandemic insurance. Elite Risk...
Generali and Insurtech Descartes Underwriting to Develop Parametric Insurance Cover May 15, 2020 Generali’s P&C unit Global Corporate & Commercial (GC&C) and insurtech company Descartes Underwriting have formed a strategic partnership to develop...
This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It April 3, 2020 By Russ Banham Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay...
Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations March 3, 2020 By Noor Zainab Hussain and Carolyn Cohn Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies...
Lloyd’s 1st Syndicate-in-a-Box, Operated by Munich Re, Aims to Be an Innovation Lab February 4, 2020 By L.S. Howard Lloyd’s of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization...
Parametric Insurance Fills Gaps Where Traditional Insurance Falls Short January 9, 2020 By Daniel Brettler and Timothy Gosnear Although parametric solutions have been generally available since the late 1990s, they have more recently found their way into corporate...
FEMA Envisions High-Tech Flood Insurance Program Using Parametrics, Blockchain November 26, 2019 By Jim Sams Blockchain technology and parametric insurance should be included in the Federal Emergency Management Agency’s toolbox as it strives to close...
Hail Has Damaged Insurance Market for Car Dealers. Parametric Insurance May Help. November 14, 2019 By Ira Boudway Nick Pacifico has been working at his family’s Cadillac dealership in Denver since 2003. He’s never seen insurance costs this...
Parametric Catastrophe Facility CCRIF Pays US$12.8M to Bahamas for Dorian Damages September 27, 2019 CCRIF has made two payouts to the government of The Bahamas totaling US$12.8 million in the aftermath of Hurricane Dorian,...
Rethinking the Limits of Parametric Insurance September 24, 2019 By Michael W. Elliott It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically...