Parametric

Parametric

Parametric Insurance delivers fast, predefined payouts based on objective triggers, allowing businesses to quickly recover from disruptions without lengthy claims processes.

Overview

Traditional insurance can be slow, often requiring extensive loss assessments before payouts. Parametric Insurance, however, uses data-driven triggers — such as specific rainfall levels, wind speeds, or seismic activity – to automatically initiate a payout when an event occurs. This innovative approach provides businesses with rapid financial relief, helping to cover operational losses and minimize downtime. At Edme Insurance Brokers, we customize parametric solutions to align with your unique risk profile, ensuring swift recovery and enhanced financial resilience when you need it most.

FAQs

  • Businesses in sectors such as agriculture, energy, infrastructure and transportation facing weather or natural disaster risks
  • Organizations seeking immediate financial support following a triggering event
  • Companies aiming to complement traditional insurance with faster predictable payouts
  • Multinational enterprises managing diverse exposures across different regions
  • Firms focused on minimizing business interruption through data-driven risk management

Parametric Insurance – What Does It Cover?

  • Trigger-Based Payouts : Automatically provides a cash payment when an objectively measurable event (like a specific rainfall level, wind speed, or seismic activity) reaches a pre-agreed threshold.
  • Rapid Liquidity : Offers immediate funds to help cover operational costs and stabilize cash flow during business disruptions.
  • Customizable Trigger Levels : Enables you to set tailored trigger points that align with your unique risk profile and operational needs.
  • Operational Support : Provides financial relief that can be used to offset revenue loss or cover extra expenses incurred during the disruption.
  • Simplified Claims Process : Eliminates the need for traditional loss assessments, ensuring a quick and predictable payout based solely on objective data.

  • Trigger-Based Payouts : Pre-agreed cash payments are made when specific measurable parameters (such as rainfall levels, wind speeds or seismic intensities) are reached
  • Immediate Financial Relief : The payout is designed to provide quick liquidity for operational recovery, even though it doesn't indemnify the exact dollar amount of actual loss
  • Customizable Coverage : Policies can be tailored to set trigger levels that match the unique risk profile of a business – such as production downtime due to extreme weather
  • Business Continuity Support : The rapid payout helps cover operating expenses and minimize the impact of disruptions
  • Simplified Claims Process : Since the payout is automatically triggered by objective data, the claims process is streamlined without the need for lengthy loss assessments

Talk To Us

Contact us to get in touch with an industry or risk subject matter expert, learn more about a specific solution or submit a sales/RFP inquiry.

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DISCLOSURE

EDME INSURANCE BROKERS LTD. (FORMERLY KNOWN AS ADITYA BIRLA INSURANCE BROKERS LTD.)

Registered Office: 2nd Floor, Privillion, East Wing, Sarkhej - Gandhinagar Highway, Vikram Nagar, Bodakdev, Ahmedabad, Gujarat 380054. IRDAI License Number: 146 | Composite Broker | License Valid till: 9th April, 2027 | CIN: U99999GJ2001PLC062239 Corporate Office: VIOS Tower, 6th floor, Off Eastern Express Highway, Sewri - Chembur Rd, Mumbai – 400037 Telephone: 1800 120 2510 | Website: www.edmeinsurance.com In case of any queries/complaints/grievances, please write to us at clientfeedback@edmeinsurance.com.