‘Parametric Insurance ’ — sounds like boring insurance jargon doesn’t it?! It’s the kind of drinks party ‘conversation killer’ that will have your guests running for the door. We have all seen it.

However, this is not the case. Parametric insurance is much simpler and has the potential to be far more powerful, varied, exciting, and innovative than traditional insurance. This article will explain why.

  • Parametrics: The Basics
  • What Makes Parametric Insurance So Great?
  • BirdsEyeView’s Crop Insurance
  • Exciting New Beginnings

Parametrics: The Basics

Everyone knows how traditional insurance works. Think about the insurance you buy for your car or house. You buy a policy from your insurer who agrees to pay you should you incur a loss. This is known as the principle of indemnification. Damage must have actually occurred to your insured asset, and maybe the insurer will send a loss adjustor round to check the damage. …

About

James Rendell

Chief Executive Officer — BirdsEyeView Technologies Ltd. https://www.birdseyeviewtechnologies.com

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