Insurance policies may leave businesses exposed to uninsured economic loss in the event of a hurricane or earthquake, because of excess, deductibles and exclusions.
New Paradigm Underwriters offers parametric insurance products which use the wind speed of hurricanes and shake intensity of earthquakes to determine payouts to their clients in North America.
Co-founder Evan Glassman joins Matthew on Podcast 138 to discuss New Paradigm’s technology and how to build parametric products.
Talking points include:
- Measuring hurricane-force wind speeds
- Basis risk in traditional and parametric insurance
- The parametric insurance community
- The benefits of parametric products to protection sellers
- Educating brokers and buyers about parametric
If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.
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