The rise of parametric insurance: New thinking for the new normal
23 Jun 2020I can’t recall a time when business interruption insurance was covered as much in the press; or as negatively.
It is a long-standing paradox; policy wordings are difficult to understand for many customers and so, are often misunderstood or remain unread completely while insurers are reluctant to rewrite these tried and tested wordings which have evolved over time by precedent, so as to avoid inadvertently exposing themselves to unintended risk.