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Application of parametric Insurance in the power market : a review

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      <subfield code="a">Power companies must manage a complex and dynamic set of risks to ensure the long-term sustainability of their operations. This requires a comprehensive risk management strategy that considers the unique risks faced by the company and the industry, as well as the potential impact of these risks on the company's operations and financial performance. Tried and trusted indemnity-based insurance solutions provide the bedrock of a power risk management strategy; however, there are gaps in coverage and a change in insurance market appetite for some of the more challenging hazards that risk managers face</subfield>
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