Oct 02, 2024
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Insurance solutions,
Societal impact,
Article,
Natural Disasters
Empowering vulnerable populations: Allianz's parametric insurance
Parametric insurance offers quick payouts based on predefined triggers, enhancing resilience and financial stability against climate change. Allianz implements these solutions globally, supporting regions like Colombia, Ivory Coast, and Ghana, and initiatives like UNICEF's cyclone response. These solutions provide speed, simplicity, and transparency, aiding disaster recovery. Despite challenges like basis risk, Allianz refines these products with accurate data and innovative models.