How Parametric InsurTech is critically important for the long-term future of the Insurance sector in a post COVID-19 world - Insurance-Canada.ca

By Paul Prendergast, CEO, Blink – Right now, our priorities are focused on the health and safety of our families and the most vulnerable in our society as we adapt to the restrictions on our way of living and working during the pandemic crisis.During these times, we also evaluate how we work, how we can influence change and we look to the future. To that end, I consider the industry I know best and outline my thoughts on the potential for InsurTech, and specifically the parametric insurance platform, as a tool that can help make a positive difference when insurers require operational efficiency on processing high-frequency, low-severity claims and when the customer needs immediate, real-time claim resolution.

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Publisher: Insurance Canada