Insurance is an extremely versatile and valuable risk management tool for homeowners, drivers, commercial enterprises, and others. From property, life, health and cyber insurance to commercial general liability, flood, earthquake coverage and more, there is insurance for just about every risk one could imagine.
Just as risks continue to expand and evolve, so does the coverage available to mitigate them. Parametric insurance is a relatively new type of coverage and differs somewhat from traditional insurance in terms of how it is triggered and how quickly it pays. Alex Kaplan, executive vice president for alternative risk with Amwins Group, discusses how parametric insurance works, the coverage gaps it can bridge, and the benefits for policyholders and insurers.
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Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
