Application of parametric insurance in principle-compliant and innovative ways
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008 | 200629e20200624usa|||p |0|||b|eng d | ||
040 | $aMAP$bspa$dMAP | ||
084 | $a328 | ||
100 | $0MAPA20200010906$aLin, Xiao | ||
245 | 1 | 0 | $aApplication of parametric insurance in principle-compliant and innovative ways$cXiao Lin, W. Jean Kwon |
520 | $aThere has been a rise of innovative parametric insurance solutions in recent years covering a wide range of risks and serving clients from individuals, to businesses, and to governments. These parametric insurance products cover risks that are otherwise uninsured or underinsured, by simplifying product design and reducing transaction costs. This paper offers a comprehensive review of parametric insurance including a classification of the types of contract and an overview of market practices. We outline the benefits and concerns of parametric insurance in comparison with indemnity insurance, and discuss the legal principle and regulatory compliance matters. We then survey the current global market and identify areas where insurance and reinsurance companies can play important roles in offering or supporting parametric insurance operations. Lastly, we offer a case study on a type of parametric insurance designed to cover earthquake risk in California. | ||
650 | 4 | $0MAPA20170006718$aSeguros paramétricos | |
650 | 4 | $0MAPA20080586294$aMercado de seguros | |
650 | 4 | $0MAPA20080598358$aProductos de seguros | |
650 | 4 | $0MAPA20080590567$aEmpresas de seguros | |
650 | 4 | $0MAPA20080612429$aRiesgos extraordinarios | |
650 | 4 | $0MAPA20080556792$aTerremotos | |
700 | 1 | $0MAPA20200014928$aJean Kwon, W. | |
773 | 0 | $wMAP20077001748$tRisk management & insurance review$dMalden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-$x1098-1616$g24/06/2020 Tomo 23 Número 2 - 2020 , p. 128-150 |