Insurance policies may leave businesses exposed to uninsured economic loss in the event of a hurricane or earthquake, because of excess, deductibles and exclusions.

New Paradigm Underwriters offers parametric insurance products which use the wind speed of hurricanes and shake intensity of earthquakes to determine payouts to their clients in North America.

Co-founder Evan Glassman joins Matthew on Podcast 138 to discuss New Paradigm’s technology and how to build parametric products.

Talking points include:

Measuring hurricane-force wind speeds
Basis risk in traditional and parametric insurance
The parametric insurance community
The benefits of parametric products to protection sellers
Educating brokers and buyers about parametric

If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn.

Sign up to the InsTech London newsletter for a fresh view on the world every Wednesday morning.

Continuing Professional Development - Learning Objectives

InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme.

To claim 0.5 hours for this podcast, go to the Episode 138 page of the InsTech London website, or email cpd@instech.london.

Evan Glassman: Co-founder, New Paradigm Underwriters: Parametric insurance - delivering US hurricane & quake cover since 2013 (138)

InsTech - insurance & innovation

Evan Glassman: Co-founder, New Paradigm Underwriters: Parametric insurance - delivering US hurricane & quake cover since 2013 (138)