Insurers unable to hide behind parametric insurance small print, says FloodFlash’s Adam Rimmer

Adam Rimmer_FloodFlash

Although many organisations had a form of business interruption insurance within their commercial cover prior to the Covid-19 pandemic, FloodFlash co-founder Adam Rimmer tells Insurance Times how a parametric insurance model would have been the better option for this type of insurance, as ’there’s no small print for the insurer ...

Business owners financially affected by the ongoing Covid-19 pandemic and the lengthy national lockdown would have been better served by parametric insurance rather than relying on business interruption (BI) cover, as ”there’s no small print for the insurer to hide behind” says Adam Rimmer, co-founder at insurer FloodFlash. 

Read more… 

(If you’re already a subscriber, please sign in here.)

Get access with a 14-day free trial

This article is usually available exclusively to subscribers.

Subscribe for full access - Take out a print and online or online only subscription

For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.

Also, as a registered user, you will be able to -

  • Access unlimited breaking industry news as it happens
  • Sign up to a choice of daily and weekly newsletters

Register to view free premium content