"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.
"Think about life insurance. You die and a pre-agreed upon amount of money is going to be paid upon that triggering event," said Alex Kaplan, executive vice president, alternative risk, Amwins Group. "That's parametric insurance."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
