Digital platforms and devices are enabling cheaper, faster and more scalable solutions that make cover accessible to more of the world's population. Customers can access covers that would previously have been unaffordable or inaccessible. Companies can benefit from cheaper bundled off-the-shelf solutions.
Swiss Re's parametric solutions enable fully automatic insurance offerings in a lean, cloud-based, modular ecosystem. Features include real-time reporting, steering, immediate rate indications, automated claim payments and policy administration. Interested partners can easily connect through API's.
Payments triggered immediately
Parametric insurance is a type of insurance that uses an index to trigger payment immediately after an event such as the shake intensity of an earthquake, windspeed, rainfall or flight delay.
These innovative retail solutions allow for simple, fast-purchasing and optimised pay out processes that boost customer satisfaction.
Swiss Re is a global expert in the provision of parametric covers.