Parametric Insurance - blog.ueex.com
...Parametric Insurance Crypto terminology for Parse provides clear definitions and explanations of key concepts in cryptocurrency, blockchain, and digital assets, enhancing your understanding. Parametric insurance is a type of coverage that triggers automatic payouts based on predefined parameters or events, rather than traditional claims processes....
https://blog.ueex.com/crypto-terms/parametric-insurance/
Presentation title - actuaries.org.sg
...Micro-insurance: parametric cover is well-suited for third-world countries where the entire transaction from premiums to claims payments needs to be achieved at low cost....
https://www.actuaries.org.sg/sites/default/files/2020-12/20112507gicParametricInsurance.pdf
Buffering Cyber Risk with Parametric Insurance - NetDiligence
...Can you describe parametric insurance as a method to cede risk? Parametric insurance solutions, sometimes called index insurance, are designed to quickly trigger payment to an insured when a predefined event, measured with some clear and objective criteria, occurs. Ideally, objective third-party data sources are used to define trigger (s)....
https://netdiligence.com/blog/2021/01/parametric-insurance/
Basis risk in parametric insurance: challenges and mitigation ... - PwC
...However, parametric insurance is also associated with a risk called basis risk which occurs when the pre-determined triggers used in parametric insurance products don?t match the actual loss suffered by a business or organisation. In such cases, the payout may be less or more than what is needed....
https://www.pwc.ch/en/publications/2024/Basis_risk_in_parametric_insurance_challenges_and_mitigation_strategies.pdf
What is Microinsurance? Everything You Need to Know
...Microinsurance is specifically planned to protect low-income people inexpensively insurance products to help them cope with and recover from financial losses....
https://cometinsure.com/blog/what-is-microinsurance-everything-you-need-to-know/
Privacy-preserving Blockchain-enabled Parametric Insurance via Remote ...
...Traditional Insurance, a popular approach of financial risk management, has suffered from the issues of high operational costs, opaqueness, inefficiency and a lack of trust. Recently, blockchain-enabled "parametric insurance" through authorized data sources (e.g., remote sensing and IoT) aims to overcome these issues by automating the underwriting and claim processes of insurance policies on a ......
https://arxiv.org/abs/2305.08384
Ensuro: an alternative source of insurance capacity | InsTech
...Ensuro has also recently launched a parametric hurricane insurance product in the USA with MGA Parachute Insurance, which triggers pay-outs to residents based on the wind speed at their location as measured by the National Oceanic and Atmospheric Administration (NOAA)....
https://www.instech.co/knowledge-centre/ensuro-an-alternative-source-of-insurance-capacity/
Cryptocurrency - the next capital pool for parametric insurance? - LinkedIn
...Ensuro, founded in 2021, is developing a decentralised underwriting solution for parametric insurance products. Unlike conventional insurers, the capacity it will provide uses funds governed by a ......
https://www.linkedin.com/pulse/cryptocurrency-next-capital-pool-parametric-insurance-henry-gale
Bitcoin Act 2024 : 11 Strategies To Leverage Crypto Insurance
...Leverage bitcoin insurance solutions to boost Bitcoin investment and mining returns while minimizing risks for the Bitcoin Act 2024 bill....
https://hotalinginsurance.com/his-blogs%e2%80%8b/bitcoin-act-2024
DeFi Insurance Platforms: Protecting Your Digital Assets
...Smart contract vulnerabilities Exchange hacks and protocol failures Theft of digital assets Other specialized DeFi risks By removing manual claims adjusters and incorporating parametric insurance payouts, these platforms deliver faster, more transparent service. Users no longer wait weeks or months for claim resolutions. Market Overview and Growth...
https://coincryptoo.com/p/defi-insurance-platforms-protecting-your-digital-assets/