Parametric Insurance - a brief

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Posted: Fri Apr 21, 2006 4:15 am Post subject: Parametric Insurance - a brief

Parametric insurance can be defined as the type of insurance that does not provide the coverage for the total loss; instead, pays out according to the ex ante agreement to make a payment upon the occurrence of a natural catastrophe. Parametric insurance is perfect for the high intensity but low frequency losses catastrophes.

lakemen

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