Parametric Insurance Solutions

We offer all the data and tools to build parametric insurance. Our advanced technologies enable precise risk assessment and automatic claims processing, revolutionizing traditional insurance models.

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What is Parametric Insurance?

Parametric insurance is a type of insurance that agrees to make payment upon the occurrence of a triggering event, which meets the parameters (such as intensity and location) defined within the policy. Unlike traditional insurance, which pays out after damage assessment, parametric insurance relies on objective data to trigger claims. This approach significantly speeds up the payment process, helping policyholders to recover faster from their losses.

How It Works

Policy Setup

Clients choose a parameter (such as wind speed, earthquake magnitude, or rainfall level) that might affect their assets. We help define the thresholds that, when met or exceeded, will trigger a payout.

Data Monitoring

Utilizing our robust network of data sources, including « Data4Weather » and satellite imagery, we continuously monitor parameters related to the insured risk.

Claim Triggering

When the predefined parameters are met, our system automatically triggers a claim. There’s no need for the insured to file a claim, and no lengthy assessments are necessary.

Rapid Payouts

Payments are made quickly to ensure that those affected receive funds in a timely manner, allowing them to manage recovery efforts effectively.

Benefits of Parametric Insurance with Data4Risk

Speed

Payouts are triggered automatically and rapidly, reducing wait times from months to days.

Simplicity

The claims process is straightforward and transparent. Payouts are based on objective data, not subjective assessments

Certainty

Policyholders know exactly what parameter events will trigger a payout, providing clarity and peace of mind.

Flexibility

Coverage can be customized to specific needs and risks, providing more control over insurance terms.

Why Choose Us to build your Parametric Insurance products?

Data4Risk is at the forefront of integrating advanced technology with practical insurance solutions. Our commitment to innovation ensures that our parametric insurance offerings are among the most reliable and responsive in the industry.

Ready to secure your assets with our cutting-edge parametric insurance solutions?

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