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: InsurTech
In InsurTech, Venture CapitalTags blockchain, Boston, Brewer Lane, Fannie Flagg, MassChallengePublish Date
Brewer Lane Venture is a new, Boston-based VC firm focused on early-stage InsurTech and FinTech startups. Former New York Life President and Chief Investment Officer John Kim is the founder, and veteran investor Martha Notaras joined the …