How to Get Paid for Parametric Flood Transactions

Peter Petered: How do we actually get paid? And I think that's important because that sometimes dictates whether people actually want to talk to us or not. In the insurance space, so for parametric transactions, we're essentially paid a success fee. For us, this is about building a market. Joining this company, there wasn't a parametric flood market. People ask how many parametric flood deals are out there. It's very, very, very few. What we hope to get out of conversations like this is for people to understand that it does exist. There's a huge need for it. A flood has the world's largest insurance protection gap relative to all other per

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