Parametric Insurance

Parametric Insurance

Innovative insurance solutions offering predefined payouts based on trigger events, enabling rapid liquidity and minimizing claims processing delays.

Overview

Traditional insurance can be slow, often requiring extensive loss assessments before payouts. Parametric Insurance 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 rapid financial relief, helping businesses cover operational costs as well as physical or material losses, minimizing downtime and business disruption.

EDME Edge 

  • Swift recovery
  • Enhanced financial resilience
  • Tailored protection

FAQs

  • Any business with gaps in traditional insurance for weather- or catastrophe-related risks
  • Businesses exposed to weather or natural disaster risks, including agriculture, energy, infrastructure, and transport
  • Businesses seeking rapid financial support after a triggering event
  • Businesses minimizing operational disruption through data-driven risk management
  • Businesses looking for faster, predictable payouts alongside traditional insurance

  • 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.
  • Tailored 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.

  • Fast access to funds: Provides near-immediate liquidity to stabilize operations and maintain cash flow during disruptions
  • Predictable financial planning: Businesses can plan for extreme events with confidence, knowing payouts are tied to pre-agreed triggers
  • Reduced operational risk: Helps cover unexpected costs, revenue losses, or downtime without lengthy claims processes
  • Flexible and tailored: Coverage can be customized to match a company’s unique exposure and risk profile
  • Supports business continuity: Ensures essential operations can continue even during severe weather or natural events

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 care@edmeinsurance.com.