In the first iteration of our upcoming parametric series with Raincoat, Matthew sat down with Jonathan Gonzalez to delve into how parametric insurance can be integrated with traditional indemnity insurance, the technical and regulatory challenges, and the importance of creating products that customers perceive as fair. 

Watch this space for some very exciting episodes coming up.

Key talking points:

• Importance of iteration and scaling 
• Parametric should be looked at as a tool
• The connection to smart contracts and parametric
• What is ‘truth’ in insurance?
• What is ‘fair’ in insurance?
• The key to successful integration
• How much human intervention goes into running the model
• Evolving role of brokers 
• The openness of the insurance industry to new solutions

If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn.

To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co

Continuing Professional Development

This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.

By the end of this podcast, you should be able to meet the following Learning Objectives:

• Describe the connection between smart contracts and parametric and why this is important
• Explain the difference between ‘truth’ and ‘fair’ in insurance
• Identify how the role of the broker can evolve when it comes to parametric insurance and its integration

If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 305 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.

To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.