Parametric insurance uses predefined triggers like wind speed or earthquake magnitude to automate payouts, bypassing traditional claims processes. This emerging approach delivers faster disaster recovery but raises questions about basis risk and regulation.
Parametric insurance uses automated triggers like earthquake magnitudes to pay claims instantly, revolutionizing disaster recovery. This technology-driven approach could transform how communities rebuild after catastrophes.
Climate change is forcing a radical transformation of insurance markets as traditional risk models fail. From Florida's hurricane insurance crisis to California's wildfire coverage retreat, the industry faces unprecedented challenges that threaten its viability and reshape where people can live...
Behind the insurance industry's stable facade, a operational crisis is brewing as experienced staff retire, technology lags behind complexity, and mounting data overwhelms traditional systems, threatening the industry's ability to fulfill its fundamental promises to policyholders.
Behind insurance industry's digital transformation talk lies a brewing crisis of aging systems and retiring expertise. Legacy technology and manual processes threaten operational resilience, creating vulnerabilities that could impact millions of policyholders during major catastrophes.