On the parametric solutions, has there been cases where the client is caught by surprise on the expected claim quantum i.e. much lower sum paid than expected? Also in terms of the speed of settlement, is it really much superior than the traditional indemnity insurance settlement?

Is there common risks that Parametric cover simply will not cover i.e. known flood areas.

How is parametric insurance priced ?

have you done anything in New Zealand?

How do we go about accounting for the impact of climate change in our pricing with the increasing frequency and severity in order to be able to price adequately and at the same time price ourselves out of market?

"not" price ourselves out of market - miss out that not

Is the onus on the Broker to present risk exposure i.e. respective stats / claims or the Insurer? If the Broker is relied on then does that not open the Broker to a PI claim for non-disclosure of risk? Hence assume onus is with the Insurer to verify..

Can parametric coverage be offered for Act of God Perils as a bundle? Eg: Contractors faces various AOG exposure simultaneousl.?

For a traditional Property insurance policy that excludes Nat Cat exposures, does loss/damage cover due to heavy wind and rain ends when the wind speed exceeds 125km/h? Just wondering if there is a clear boundary on this.

NZ Risks have they been looked out

Great info guys