Parametric micro insurance for poor communities
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Parametric insurance pays out when certain conditions are met; post hurricane scenarios, etc. a study on whether that can work in poor communities [1]
It describes four distribution models for how parametric microinsurance could be adopted in the U.S., with policies being provided: (1) by an aggregator, (2) though a mobile-based technology, (3) by linking it to other products or retailers, or (5) by a public sector insurer. The sixth section concludes with reflections on next steps for exploring applications.
by Carolyn Kousky