Author : Neha Batra

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Neha holds a Bachelor’s degree in Mathematics and is pursuing actuarial sciences. She is passionate about risk modelling, data analytics, and insurance & its applications. At WRMS, she leads the data analytics & underwriting team, and she has been instrumental in expanding the company’s global footprint. Her role here includes portfolio pricing, loss assessment & management, and designing customized insurance products.

Parametric Insurance: Revolutionizing Traditional Insurance Models

Neha Batra
Parametric insurance, a novel approach to risk management, represents a departure from traditional insurance methods. In contrast to indemnity-based insurance, where claims are assessed based on actual losses, parametric insurance operates on the principle of predefined triggers, typically related to weather benchmarks or other quantifiable parameters. This innovative model offers......