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Willis introduces parametric insurance policy based on weather forecasts

By 2025-10-02T14:00:00

warning

’The parametric style of the policy provides a transparent basis of cover, rapid claims settlement and complete flexibility in the use of claims proceeds,’ says managing director

Willis has announced a new parametric policy that is activated automatically when a red weather warning is issued by the UK Met Office or Met Éireann, The Irish National Meteorological Service.

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