Bullseye Adjusting & Associates LLC

Best Of Both: Bundling Parametric, Indemnity

 Wednesday, February 2, 2022

 Insurance Thought Leadership

Parametric insurance is often bought as a complement to indemnity insurance, but newly announced hybrid products combining parametric and indemnity insurance in the same policy will launch in 2022.

These hybrid products, which represent a big shift in how parametric insurance is being sold, will be judged on uptake and effectiveness in paying out.

Their performance will reveal how these approaches compare and determine whether hybrid parametric-indemnity insurance becomes a trend.

While indemnity insurance policies are designed to compensate policyholders for loss, parametric insurance pays out claims based on event triggers. Common triggers involve weather or natural perils, such as hurricanes measured by wind speed or floods by high water mark.

Parametric insurance is well-suited to perils for which indemnity coverage is insufficient, not available or too expensive, but parametric policies are not comprehensive.

Parametric Solutions Are Rising In The Risk Mitigation Ranks

 Tuesday, August 17, 2021

 Risk & Insurance

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

California Start-Up To Offer Parametric Storm Insurance In Florida

 Tuesday, June 26, 2018

 Business Observer

A New Option For Risk Managers: Parametric Insurance

 Tuesday, June 19, 2018

 Insurance Business

Flood Losses Prompt Key Changes in Thai Insurance Industry

 Wednesday, February 15, 2012

 A.M. Best

Speaking the Language of Indemnity

 Friday, April 8, 2011

 Risk and Insurance