IA 3.3. Parametric solutions for insurance products
OVERVIEW
What kind of result is this? | New tool | |
What’s the area addressed? | Economic drivers, Incentives and Insurance Solutions | |
What’s the covered phase? | Prevention and recovery | |
What’s the addressed challenge? | Danger and risk estimation for pricing methods that allows the improvement of current insurance solutions for wildfires | |
What value is proposed? | A specialised wildfire parametric-insurance product will be designed and tested, covering the accurate assessment of burned area (and severity) to allow for a more efficient pay-out and claim resolution schemes, and the design and definition of the triggering conditions for the parametric products, based on strong technical and computational frameworks. | |
Who can use it? | Insurers | |
What type of tool is it? | Models | |
How does it look like? | It consists of an entire system which involves a set of cloud-based environments that allows the orchestration of workflow execution that provide the information required for risk transfer solutions. | |
This tool is… | ⊠ a new tool | ☐ an improved tool |
What are the vision & mission statement? | Commercialise this tool, push for a data driven approach of its inputs leading the society behaviour to prevention measures. | |
When will it be complete? | TBA | |
Documentation | TBA | |
This IA is implemented in the Living Lab(s)… |
Contact
![](https://fire-res.eu/wp-content/uploads/2022/01/pillars_icon_4communication.png)
Obbe Tuinenburg
- Mitiga Solutions
- obbe.tuinenburg@mitigasolutions.com
![](https://fire-res.eu/wp-content/uploads/2022/01/pillars_icon_4communication.png)
Gabrielle Cummins
- Mitiga Solutions
- gabrielle.cummins@mitigasolutions.com;