Typology and Design of Parametric Cat-in-a-Box and Cat-in-a-Grid Triggers for Tropical Cyclone Risk Transfer
The insurance industry has used parametric solutions to transfer catastrophe risks since the 1990s.Instead of relying on a lengthy click here process to assess a claim, these products pay the insured a pre-agreed amount if the physical characteristics of the event fulfill pre-defined conditions.Cat-in-a-box or cat-in-a-circle triggers, commonly use