Photo: ©emiliezhang/stock.adobe.com Parametric Insurance Policies Are Gaining Traction
While Florida businesses work to reclaim a sense of normalcy in their operations, they should also be taking this time to look to the future and re-evaluate how they manage property risk. Parametric insurance policies may be a new alternative to a hard property insurance market.
June 18, 2021 at 09:21 AM
4 minute read
Insurance
In the current hard real estate insurance market—in which rates are rising, underwriting criteria is stricter and insurers are writing fewer policies—parametric insurance may be an option for property owners and operators. Parametric has enormous potential to help close the protection gap—to begin covering severe, low-frequency risks that until now have gone largely unprotected.
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