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lakemen
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Joined: 18 May 2005
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 Posted: Fri Apr 21, 2006 4:15 am Post subject: A brief about Parametric Insurance Insurance
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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. |
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