Parametric Insurance: Claims Paid in Minutes | Zenveus

Insurance claims can take months, but businesses often need cash immediately after disasters.

Parametric insurance uses data-based triggers like wind speed, rainfall, earthquake magnitude, temperature, or flight delays to activate faster payouts.

Instead of asking, “How much damage happened?”
It asks, “Did the trigger happen?”

This can help businesses recover faster, reduce downtime, and improve resilience after major events.

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