Parametric Insurance

Unlike traditional insurance, which relies on lengthy loss adjustment procedures, parametric insurance pays out when a predefined event occurs as measured by a specified parameter or index.

This new generation of products complements or replaces traditional insurance at a more affordable premium that fits within contracting budgets, not on-top.

With no on-the-ground loss adjustment required, a parametric cover keeps cost low while offering precise protection.

We offer a new generation of parametric insurance products: fully transparent, providing swift claims payment, bespoke & more affordable than traditional covers.


SOURCE: Home — Descartes Parametric Insurance (

What is parametric insurance?