fastTrack webinar: Exploding the myths of parametric or index-based insurance solutions

Join Previsico and Descartes Underwriting for an insightful webinar, following their recent partnership. Industry experts will discuss the relationships between data and insurance, define parametric insurance, and showcase its value in mitigating risks like flooding. In this webinar you will gain insights into real-world innovative solutions, leading to better insurance outcomes.

Parametric or index-based insurance solutions are gaining traction as powerful risk transfer mechanisms, yet misconceptions still surround their effectiveness, applicability, and payout structures. In this webinar, Previsico and Descartes Underwriting will provide a clear and easy to understand explanation of how parametric insurance truly works.

We’ll explore how these solutions offer rapid, transparent, and objective payouts, mitigating the financial impact of extreme weather events. Our experts will highlight real-world applications, demonstrating how businesses, governments, and insurers are leveraging parametric solutions to build resilience in the face of climate risks.

Through case studies and interactive discussions, we’ll address key concerns, including:

• How do parametric policies cover complex risks?
• How do payouts compare to traditional indemnity-based models?
• How does real-time data feed into this process?

Whether you’re an insurer, broker, risk manager, or business leader, this session will provide valuable insights into how parametric insurance can be a vital tool in modern risk management strategies and the true potential of index-based insurance.

By the end of the session, you will be able to:

1. Realise how businesses, governments and insurers are able to leverage parametric solutions to create better insurance outcomes.
2. Identify strategies and data inputs necessary for improving flood risk management and enhancing resilience.
3. Describe the development of the insurance market and the innovative progress that has been made to improve the process for the insurers and the insured.
4. Illustrate how parametric insurance enables faster claims processing and payouts than traditional insurance models.
5. Explore how climate change is driving demand for innovative risk-transfer mechanisms, including parametric insurance.

Please refer to the helpful User Guide for instructions on how to join and participate in webinars.