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What is parametric insurance? | Digital Insurance

With global disasters increasing, insurance firms and consumers are adopting parametric insurance for immediate response. Aon’s report reveals global insured losses from natural disasters reached $88 billion by Q3 end, driven by U.S. and Italian storms, and the Maui wildfire. The death toll from 2023 catastrophe events exceeded 75,000, making it the deadliest year since 2010.

Source: www.dig-in.com –

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