"When you talk about the actual trigger, you are identifying the right threshold at which it is going to create disruption, whether that be a physical disruption or economic disruption," said Alex Kaplan (center), Amwin Group executive vice president, alternative risk.

Although parametric insurance policies have been gaining traction in recent years, they are actually the oldest form of insurance, according to panelists who participated in an education session on the topic during the Wholesale & Specialty Insurance Association (WSIA) 2021 Annual Marketplace.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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