September 10, 2020 Parametric insurance pays out when a pre-defined event occurs as measured by a specified figure, figures, or index. It has traditionally been used in agriculture and by insurance companies to cover natural catastrophes, including hurricanes, cyclones, and earthquakes (think CAT bonds). Parametric insurance has obvious advantages during a pandemic when agents and adjusters can’t travel, but insurers are under heightened pressure to continue to do business, to write new policies, and to settle claims expeditiously. With parametric …
Category: Insurance
In FinTech, Insurance, StartupsTags Boston, employee benefits, financial health, Y CombinatorPublish Date
This is the second half of our interview with Kristen Tyrell, co-founder and CEO of Catch, which is building a portable benefits platform for workers who don’t receive their benefits from an employer. (Find the first half …
Life insurance plays a critical role in many financial plans, but we are in the midst of a decades-long decline in life insurance ownership in the U.S. Many carriers consider agents to be their primary customers, …
The shift from defined benefit to defined contribution plans left individuals responsible for their own retirement savings with serious consequences for retirement security. Risks that were formerly managed by sophisticated actuaries and professional portfolio managers — …
BNP Paribas Cardif is the insurance subsidiary of Paris-based banking giant BNP Paribas. BNP Paribas Cardif provides both savings and protection products, is a world leader in both bancassurance partnerships and credit insurance, serves more than 100 …
Lloyd’s of London is a 330-year-old insurance market where brokers may still queue up to meet with underwriters face-to-face, where much work is still done on paper, and where, by its own admission, “modernisation and use …
Founded in 2016, Atidot is an InsurTech solution using artificial intelligence, machine learning, and predictive analytics to help life insurance companies optimize their books of business with actionable business insights. The company has more than a …
The use of an umbrella to represent coverage and protection has a long history among companies in the insurance industry. Brolly was the latest, until Travelers bullied them into changing their logo. Co-founded in 2016 by …
Headquartered in London, Aviva has two objectives: to help people save for the future and to help people manage risk. The company offers insurance and investment products across 16 countries, and has 33 million customers and …
Munich Re is a leading provider of primary insurance and reinsurance around the globe. At Munich Re, innovation is expected to make a major contribution to the bottom line. This includes generating revenue from the active development …
In FinTech, Insurance, Venture CapitalTags Esurance, InsurTech, P2P insurance, XL CatlinPublish Date
XL Group is a global insurance company with both insurance and reinsurance operations. Operating primarily under the XL Catlin brand since the 2015 acquisition of Catlin Group Limited, the company today provides property, casualty, and specialty …