BREAKING
AI Parametric Insurance Spreads
Indemnity vs Parametric
Traditional
Indemnity
●
Assesses actual loss
●
Weeks to months
●
Loss reimbursement
Parametric
Index
●
Preset parameters
●
Within days
●
Flexible use
0
observation sources
0
+
member river cities
0
M
Grenada payout
0
Caribbean nations
Basis Risk Remains Key Concern
1
Disaster hits
↓
2
Index not met
↓
3
No payout
FEMA Weighs a Switch
AI NEWS BLITZ
A new AI and satellite insurance model is spreading across U.S. disaster zones.