Extreme weather events are becoming more common, and that’s making insurance harder to afford – or in some places, impossible to get. Even if you are covered, payouts and repairs can take months… or even years. In response, there is increasing interest in parametric products as faster and, potentially cheaper. Parametric insurance is well tested as a large-scale product and increasingly for businesses, but is not common for households.
In this radio interview with ABC Life Matters, Professor Paula Jarzabkowski explains parametrics and their pros and cons for households.
