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.
This briefing note looks at the year-end 2020 Solvency and Financial Condition Reports (SFCRs) of a sample of Luxembourg-based life insurers. We analyze key information in the Quantitative Reporting Templates found in the SFCRs, including:
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.