Podcast: what is parametric insurance?
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01/08/2018It sounds like deep industry jargon, and the Wikipedia entry on the subject hardly helps. The reality is that parametric insurance is very simple; arguably simpler and certainly more objective and transparent than traditional insurance policies.
This was the subject of discussion when I sat down with Mike Baliman of the London Fintech Podcast a couple of months ago, via cricket, catastrophe modelling, computer power, and (cheerily), death.