Often times traditional insurance solutions aren’t sufficient to cover certain risks our clients face, either because there is no traditional insurance product available, or where the exact loss to the client is difficult to ascertain. Parametric solutions can help to fill gaps where traditional insurance may fall short. By addressing gaps in the cover such as non-damage business interruption, caused by severe weather or climate events, non-damage weather events that directly affect revenue, normally excluded assets and prevention costs, parametric solutions complement rather than replace traditional indemnity products.
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