This research project aims to explore the potential of parametric insurance in mitigating natural disaster risks. The study will investigate how parametric insurance, a non-traditional form of insurance that pays out based on predefined triggers, can provide rapid and ... ..
Natural disasters pose significant challenges to traditional insurance models, often leading to delays in claims processing and disputes over coverage. Parametric insurance, with its predefined triggers and rapid payout mechanisms, offers a promising alternative for mitigating the financial impact of natural catastrophes. This research project seeks to explore the potential of parametric insurance in mitigating natural disaster risks, aiming to provide a comprehensive understanding of the implications for insurers, policyholders, and regulatory bodies. By examining the current landscape, challenges, and future prospects of parametric insurance in the context of natural disaster risk mitigation, this study aims to contribute to the ongoing discourse on innovative risk transfer mechanisms within the insurance industry.
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