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AON Vocational Services Company launched a border insurance solution to alleviate storms related to storms in the United States.
The product has been developed with flood experts and SWISS insurance insurance experts, the product can help bridge protection gaps in traditional insurance policies. This can also require high discounts or great exceptions in the words of politics.
The solution uses a variety of meteorological data sources to evaluate the immersion of the hurricane storms.
Moreover, the Paribi solution determines the payment based on the high water, allowing document holders to choose the required payment level. Also, revenue can be used for any financial losses associated with the event, processing a much wider set of exposure of traditional insurance covers.
“Our data shows that the storms can be an important engine for the losses for companies and public entities and (re -insurance companies), so we have developed this barb’s cooperative solution to help enhance the current levels of the cover,” said Cole Mayer, head of Parametric Solutions solutions at AON. The solution can either act as an independent product or in conjunction with traditional and unconventional insurance policies, to ensure that customers can insurance comprehensive protection of their storms in the United States. “
“Insurance is a quick, flexible and transparent method to cover the financial losses caused by natural disasters. It can be a large part of the hurricane losses as a result of increasing storms, and with this innovative solution, we can help companies in a way Better in open areas with a fast -paid cover that fits individual risk management strategies.
“Economic losses in the aftermath of the great hurricanes are amazing. Provides the flexibility inherent in this product the Parameter storm of coastal companies that affects the need to address its specific protection gaps. Floodbase is happy to cooperate with AON and Swiss Reporaate Solutions to develop this solution, which indicates our continuous commitment to unifying technology and risk capital to bring more comprehensive protection to CEDENTS.
“Aon, Swiss Re and FloodBase Launch Storm Storm” was originally created and published International Life InsuranceThe brand owned by Globaldata.
