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Peter Lacovara: Head of Commercial, Floodbase: Making parametric flood insurance possible (252)
InsTech - insurance & innovation with Matthew Grant
The Future of Parametric Flood Insurance
parametric flood fits well with larger corporates or mid-sized to larger corporates and as a reinsurance trade. A lot of what we've seen the interest coming from is either a contingent business interruption where capacity can be quite a challenge. We've seen a lot of companies that are interested in looking at covers like this for supply chain. The 2011 flooding in Thailand, which affected nearly the whole country, had a huge impact on tech and semiconductor manufacturing,. etc.
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