Content from Michael W. Elliott

Michael W. Elliott, CPCU, ARM, AIAF, is Senior Director of Knowledge Resources at Malvern, Penn.-based The Institutes, which provides educational activities for the risk management and property-casualty insurance sectors. He is a subject matter expert specializing in risk management, data analytics, accounting and finance. He previously worked in risk management for a large global insurance broker.

Rethinking the Limits of Parametric Insurance

It's time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically triggered by an event exceeding an index level have ...