Parametric Insurance Explained

Insurance doesn’t have to be one-size-fits-all. Parametric insurance is an innovative addition to the insurance toolkit, offering:

  • Fast payouts – no waiting and no lengthy investigations.
  • Expanded protection – ideal for risks like floods, where traditional coverage might fall short.
  • Transparent and tailored – you set the trigger and the payout.

 

Take FloodFlash as an example: Businesses in high-risk flood zones get bespoke coverage with payouts triggered as soon as water levels hit a pre-agreed mark. No delays, just peace of mind.

At Pound Gates, we offer both traditional and innovative solutions like parametric insurance, so you can protect your business in the way that works best for you.

View the document below to learn more and see how parametric insurance works.