Parametric insurance is transforming risk management with automatic payouts based on triggers like weather data, moving beyond traditional claims processes. This evolution offers faster coverage for previously uninsurable risks while raising questions about basis risk and accessibility.
Artificial intelligence is transforming insurance through data-driven risk assessment, climate modeling, and behavioral insights, creating hybrid human-machine approaches while navigating privacy concerns and workforce evolution in this quiet technological revolution.
Parametric insurance uses automated triggers instead of claims investigations, revolutionizing coverage from climate risks to supply chains. This shift raises critical questions about fairness, transparency, and who truly benefits from insurance innovation.
Parametric insurance is revolutionizing risk management with automatic payouts based on predefined triggers rather than traditional loss assessments. This emerging approach offers speed and certainty for disasters from hurricanes to supply chain disruptions, though challenges around coverage gaps and regulation...
Parametric insurance uses automated triggers like earthquake magnitude or wind speed to pay claims within days—not months. This silent revolution is transforming disaster recovery with technology that could make traditional claims adjusters obsolete.