✉news ScienceScience first seen 5 d ago, last 5 d ago, peak #22
Liberty Mutual Re and Celest.Science explore parametric data fallback
Original: Liberty Mutual Re and Celest.Science explore parametric trigger data fallback
Liberty Mutual Re and Celest.Science are exploring a data fallback approach for parametric triggers in insurance structures. Parametric products pay out based on measurable indices such as wind speed or quake intensity, but a failed data source can disrupt claims. A fallback mechanism would let payouts rely on secondary data, strengthening reliability for cedents and investors. Details of the collaboration or any pilot have not yet been disclosed.
Why now: Parametric insurance is growing, and reliable trigger data is a key obstacle the industry is actively trying to solve.
Liberty Mutual ReCelest.Science
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