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Podcast: The Voice of Insurance
Episode: Ep 115 How Parametric will fix Commerial Insurance: Descartes Underwriting
Description: Parametric insurance has been with us for quite a while now, so it is an idea that most of us have become familiar with.
We can all see its advantages, particularly when it comes to almost instantaneous claims payments with practically zero adjustment cost.
But until recently it has been a hyper specialist corner of the market, often restricted to very large very high value contracts such as cat bonds.
This is because it is only now that the cost of technology has come down significantly enough and the availability of accurate information...