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.
Emerging data from around the world suggest that nursing home residents are at exceptionally high risk for contracting COVID-19. Given that less than 0.5% of Americans live in nursing homes, the remarkable concentration of risk in such facilities may have profound implications for how we handle the pandemic.
This article was originally published by American Health & Drug Benefits.
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.