Many organisations have large earthquake exposures where traditional insurance falls short. Key losses are excluded, high deductibles and claims take months or years to settle. In the last five years, many companies have turned to parametric insurance for tricky catastrophe risks. But how can you ensure the payout accurately reflects how a building was affected by an earthquake?
In this webinar, InsTech’s Matthew Grant will be joined by:
- Andy Thompson, CEO & Co-founder, Safehub
- Jean-Christophe Garaix, Head of Agriculture and Parametrics, Liberty Mutual Re
- Alejandro Solorzano, Head of Alternative Risk Transfer & Innovation, XS Global
- Henry Gale, Research and Insights Manager, InsTech
The discussion will cover the parametric earthquake insurance solution designed by Safehub, Liberty Mutual Re and XS Global, which uses sensor technology to trigger pay-outs.
Continuing Professional Development (CPD)
This InsTech Webinar is accredited by the Chartered Insurance Institute (CII). By watching, you can claim up to 0.5 hours towards your CPD scheme.
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By the end of this Webinar, you should be able to meet the following Learning Objectives:
- Explain parametric insurance as an alternative to traditional coverage for earthquake risks, exploring its benefits and limitations in comparison to conventional insurance models
- Summarise some of the practical methods and tools to evaluate and ensure the accuracy of payouts in parametric insurance specifically related to earthquake exposures
- Describe a range of strategies for expediting the claims process in parametric insurance for earthquake-related losses
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