Diego Monsalve is participating in the 2023 Insuralex´s London insurance market seminar and reception Regarding Parametric Insurance, Diego Monsalve will: Explain how parametric works and advantages over traditional insurance. Comment the differences from traditional insurance. Talk about the quickly payment of losses to allow insured to keep the enterprise running after a triggering event. How Parametric Insurance addresses coverage gaps …

The use of parametric insurance in Latin America as an alternative to traditional indemnity-based insurance has increased over the last twenty years, particularly as a mechanism for insuring against extreme weather risks. Following the aforementioned increasement, parametric insurances in Latin America have not received a standardized legal treatment from the local regulators. Every country has developed its applicable normative, at …