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This research project aims to investigate the role of parametric insurance in addressing climate-related risks for businesses. The study will explore how parametric insurance, with its predefined triggers and rapid payout mechanisms, can provide financial protection against natural catastrophes and climate-related events. By analyzing the potential benefits, challenges, and real-world applications of parametric insurance, this research seeks to provide valuable insights into the evolving landscape of climate resilience and risk management for businesses.
Climate-related risks pose significant challenges to businesses, often leading to financial losses and operational disruptions. Parametric insurance offers a unique approach to addressing these risks by providing rapid and transparent payouts based on predefined triggers, thereby enhancing the resilience of businesses to climate events. This research project seeks to delve into the potential of parametric insurance in mitigating climate-related risks for businesses, aiming to provide a comprehensive understanding of its implications for insurers, businesses, and regulatory frameworks. By examining the current landscape, challenges, and future prospects of parametric insurance, this study aims to contribute to the ongoing discourse on the intersection of climate resilience and risk management within the business sector.
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🔍 Software coding and Machine construction
🎓 Postgraduate/Undergraduate Research works
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