Cloud to Street (C2S), a climate adaptation technology company that provides precise, near real-time intelligence on flooding and flood risk, today announced its partnership with parametric insurance platform Raincoat and Munich Re Group to roll out the world’s first at-scale parametric flood insurance program. This is the first country-level flood parametric program with local payouts… Continue reading Cloud to Street’s Groundbreaking Flood Mapping Technology Enables the World’s First At-Scale Parametric Flood Insurance Product
Tag: parametric insurance
AXA Climate Announces CoreLogic as Strategic Data Provider to Expand Parametric Hail Protection
CoreLogic, a leading global property data and analytics-driven solutions provider, has been selected to expand the Hail Protection product designed by AXA Climate. With the help of CoreLogic’s proprietary data, the product is designed to help businesses recover from financial losses such as property damage or business interruption following a hail event. After a successful… Continue reading AXA Climate Announces CoreLogic as Strategic Data Provider to Expand Parametric Hail Protection
Neptune Flood Announces Acquisition of Jumpstart Insurance
Neptune Flood, the first AI-driven flood insurance company to provide fast, easy, and better flood insurance, has acquired Jumpstart Insurance Solutions, the leading parametric insurtech, adding parametric earthquake to its portfolio of technology-based insurance products. “Neptune is excited to have Jumpstart join our team where we work every day to make flood insurance, and now… Continue reading Neptune Flood Announces Acquisition of Jumpstart Insurance
Real Estate Owners Take a Long Look at Parametric Insurance
As the saying goes, necessity is the mother of innovation, and when the real estate insurance market got even more competitive this year, owners began searching for alternatives to property insurance. Parametric insurance is one of those solutions. Parametric insurance can help real estate owners and operations reduce risk and minimize policy costs, by offering… Continue reading Real Estate Owners Take a Long Look at Parametric Insurance
Targeted Insurance Offers Hotels Some Relief in Coronavirus Fight
Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare better. That is because a new type of insurance launched by Lloyd’s of London just last year offers hotels compensation when revenue per available… Continue reading Targeted Insurance Offers Hotels Some Relief in Coronavirus Fight
Understory Launches Hail Insurance for Automotive Dealers in Five New States
Understory, the first company to successfully offer parametric insurance for severe weather risks, has launched its supplemental hail insurance product for automotive dealers in five new states: Arizona, New Mexico, Ohio, Pennsylvania and Wyoming. Auto – Hail Safe from Understory is the first-ever parametric hail insurance product that allows automotive dealers to protect their vehicles… Continue reading Understory Launches Hail Insurance for Automotive Dealers in Five New States