We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you agree to our use of cookies. To close this message click close.

Why parametric insurance lends itself to smart contracts

30 October 2017

Hogan Lovells Engage

Unlike traditional insurance products, parametric insurance does not typically pay claims based on actual losses incurred by the insured. Rather, it pays a preset, actuarially determined amount upon occurrence of the triggering event.

Smart insurance contracts could dramatically lower insurers’ administrative costs, with at least a portion of that saving potentially passed on to consumers in the form of lower premiums.

Click here to view the full article on Hogan Lovells Engage


Loading data