A report from business intelligence specialists GlobalData which argues that parametric insurance products could help close the business insurance (BI) gap highlighted by the COVID-19 crisis states our our client Machine Cover could provide a possible solution.
Most BI policies do not cover pandemics, and the story in Reinsurance News quotes GlobalData as saying parametric structures could help bridge the significant coverage gap.
GlobalData states that Machine Cover’s parametric solution could address the BI interruption protection gap by providing businesses with coverage if there were future periods of economic downturn.
Machine Cover Chief Executive Officer Inder-Jeet Gujral is pictured above. To read the story, click here