Analysis

‘All or nothing’ parametric policies can ‘cause problems’ despite benefits

By Tim Evershed 2023-03-14T09:57:00

legal, gaval

The growth of parametric insurance propositions is undeniable, however there is a risk of legal disputes if policy terms are not crystal clear, says law firm partner

The use of parametric insurance has grown exponentially in recent years - a trend that looks set to continue.

However, parametric insurance is not the new wonder child of the insurance sector – market commentators do note a number of disadvantages to the policies that counterbalance the positives.

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