Insight
Parametric insurance: A captivating solution
Parametric policies, which pay based on the magnitude of an event, can bridge coverage gaps that are difficult to insure with a traditional indemnity policy.
This report presents the findings of an analysis focused on isolating and estimating the potential financial impact of COVID-19 on hospital indemnity (HI) plans in the United States. The focus is on the working-age population because supplemental HI plans are generally marketed to those of working age. The paper also discusses the claim cost impact for two pandemic scenarios across four HI plans.
Insight
Parametric policies, which pay based on the magnitude of an event, can bridge coverage gaps that are difficult to insure with a traditional indemnity policy.
A look at United States hospital indemnity plans in a COVID-19 environment
This report presents the findings of an analysis focused on isolating and estimating the potential financial impact of COVID-19 on hospital indemnity plans in the United States.