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.
Markets ended generally higher over a volatile quarter, concluding a strong year for equities. Both the broader market (Russell 3000) and the S&P 500 finished higher despite concerns about rising inflation.
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.