Better data analytics is enabling a number of new parametric insurance solutions from a product to cover losses caused by an active assailant to ways to manage supply chain risk.
For a low frequency, high severity peril like earthquake, businesses need to know their risk management plans before a single pebble falls out of place.
Extreme weather conditions — from fluctuating temperatures, to increases in severe storms and hurricanes — all continue to have a lasting impact on businesses worldwide.
COVID-19 has brought forth an influx of business interruption claims as companies shutdown by the pandemic seek retribution. But the courts must determine if actual physical loss has occurred.