Parametric insurance offers a new approach designed to provide fast payouts and precise coverage for today’s most unpredictable risks. Whether it’s extreme weather, natural disasters, or other measurable events, parametric insurance helps businesses bounce back faster—no lengthy claims process required.
What Is Parametric Insurance?
Parametric insurance is redefining how businesses and individuals approach risk management. Unlike traditional insurance, which pays out based on the actual loss sustained, parametric insurance is built on pre-defined triggers. When a specified event occurs—like a hurricane, earthquake, or other measurable incident—the policyholder receives an agreed-upon payout, no questions asked.
It’s a simple, transparent, and efficient way to protect against risks that are often complex, costly, or time-sensitive.
Why Choose Parametric Insurance?
Fast Payouts
No waiting around for assessments. Payments are made as soon as the triggering event is confirmed.
Transparent Coverage
Clear, measurable triggers mean you’ll know exactly what’s covered and when payouts will happen.
Flexible Protection
Ideal for risks that are hard to insure with traditional policies or for supplementing existing coverage.
- Peace of Mind for Complex Risks
Tailored to industries and events where rapid recovery is critical.
Parametric Hurricane/Typhoon Insurance
Hurricanes and typhoons can disrupt entire regions, bringing everything from severe wind damage to prolonged business closures. Parametric insurance offers:
- Trigger-Based Coverage: Payouts are tied to the storm’s wind speed, central pressure, or other pre-agreed thresholds.
- Rapid Financial Recovery: Receive funds quickly to cover clean-up, repair, or revenue losses.
- Protection for Key Sectors: Beneficial for hospitality, agriculture, energy, and logistics businesses in storm-prone areas.
Parametric Earthquake Insurance
Earthquakes strike without warning, leaving businesses grappling with sudden damage and lost income. Parametric earthquake insurance is designed to help you recover quickly:
- Seismic Triggers: Coverage activates based on pre-agreed parameters like quake magnitude or ground-shaking intensity.
- No Loss Assessments: Payments aren’t tied to physical damage, ensuring swift support.
- Widespread Applications: Ideal for real estate, manufacturing, and critical infrastructure businesses in earthquake-prone regions.
Who Should Consider Parametric Insurance?
Parametric insurance is especially beneficial for:
- Businesses in high-risk industries or regions.
- Companies needing quick financial recovery after a disaster.
- Organizations looking to complement traditional insurance coverage.
Whether you’re a farmer worried about drought, a hotelier concerned about hurricane season, or a business owner in an earthquake-prone region, parametric insurance provides peace of mind that’s tailored to your specific challenges.
Parametric insurance is perfect for businesses in:
- Agriculture: Protect against extreme weather patterns.
- Hospitality & Tourism: Minimize revenue losses from natural disasters.
- Renewable Energy: Safeguard wind and solar projects from underperformance.
- Event Management: Cover disruptions due to weather.
- Logistics and Supply Chain: Stay ahead of delays caused by natural disasters.
Why Get Parametric Insurance with Pogo?
We make parametric insurance accessible, straightforward, and tailored to your needs. Our approach is designed to help businesses of all sizes protect their operations, assets, and revenue against life’s uncertainties.
- Simple Setup: Easy-to-understand policies with clear terms.
- Rapid Response: Fast payouts ensure you recover quickly when the unexpected happens.
- Expert Support: Our team is here to guide you every step of the way.
Parametric insurance isn’t just coverage—it’s confidence that your business is protected against life’s biggest risks. Whether you’re in a storm-prone region or an earthquake zone, we’re here to help you stay resilient.