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Covid-19 accelerates need for parametric insurance model says InsTech London

By 2020-10-01T13:59:00

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With a second lockdown on the horizon, InsTech London is predicting that parametric insurance could plug the insurance protection gap for individuals and businesses

The Covid-19 pandemic has highlighted the need for a parametric insurance model.

A parametric insurance model can cater to unconventional risks where traditional insurance policies may fall short.

This is according to a report ‘Parametric Insurance 2021 Outlook and the Companies to Watch’ released by InsTech London today.

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