Quintairos, Prieto, Wood & Boyer P.A.

Parametric Solutions Are Rising In The Risk Mitigation Ranks

 Tuesday, August 17, 2021

 Risk & Insurance

At the beginning of 2019, the Moroccan government implemented a law to help its citizens recover from damages caused by natural catastrophes.

The country has been hit by extensive flooding and near-daily earthquakes. They’re also at risk for tsunamis.

The government was looking for a solution that would help protect its uninsured citizens in the event of a disaster by providing them with a fast-acting insurance coverage that paid based on the severity of the disaster.

‘It basically means that uninsured people get some compensation when their primary residence is damaged or uninhabitable after a natural disaster,’ said Simon Young, senior director at Willis Towers Watson.

To solve this problem, Young and a network of other insurers helped the government develop a parametric insurance solution that pays out based on an index, eliminating the need for a claims adjustment period.

Parametric Solution For Wildfire Risk

 Wednesday, June 5, 2019

 Insurance Thought Leadership

The Evolution Of Parametric Insurance

 Thursday, April 11, 2019

 Risk Management Magazine

Parametric Insurance: Claims Paid Without Loss Adjustment

 Tuesday, October 30, 2018

 Business Insurance

A New Option For Risk Managers: Parametric Insurance

 Tuesday, June 19, 2018

 Insurance Business

LexisNexis Risk Solutions Joins NICB Fraud-Fighting Partnership

 Tuesday, May 23, 2017

 LexisNexis Risk Solutions