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.
The Solvency Financial Condition Reports (SFCRs) at year-end 2020 represent the fifth set of annual SFCRs published by European insurers. This briefing note includes our analysis of the SFCRs of 10 Luxembourgish non-life insurers selected based on gross premium written in 2020.
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.