Insight
Parametric insurance: A captivating solution
Parametric policies, which pay based on the magnitude of an event, can bridge coverage gaps that are difficult to insure with a traditional indemnity policy.
2021 was an unusual year, with extreme weather events bringing above-average claims to European insurers.
This report focusses on the extreme weather events in 2021 (including floods and hail) that had the most impact in Austria, Belgium, France, Germany, Italy, Luxembourg, the Netherlands and the United Kingdom, and it discusses the economic costs, human loss and impact on insurers.
Insight
Parametric policies, which pay based on the magnitude of an event, can bridge coverage gaps that are difficult to insure with a traditional indemnity policy.
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