Type: Corporate Insurance | Category: Miscellaneous Insurance
Learn more about the Parametric Insurance policy.
Parametric Insurance pays out a fixed amount when a pre-defined event threshold (like rainfall, temperature, or earthquake magnitude) is met — no physical loss assessment required.
Parametric Insurance pays quickly when a defined event (like drought or earthquake) crosses set thresholds. It offers transparency and fast liquidity for businesses.
Rather than indemnifying actual loss, the policy pays when predefined indexes (e.g., less than 20 mm rainfall in 10 days) are triggered. This offers simplified, quick compensation to manage income volatility due to weather or natural events.
Farmers, solar/wind farms, mining companies, Event organizers, renewable energy producers, Governments for disaster relief planning.
Request a free consultation for the Parametric Insurance policy.
