The line between traditional indemnity insurance and parametric solutions is fading.
Executive Summary
Nonadmitted insurance carriers are increasingly integrating parametric solutions into traditional coverage, dissolving the historic silos between these distinct products and skill sets.Although carriers have offered both for decades, operational silos kept them separate: indemnity relied on actuarial and loss-adjusting expertise, while parametrics required data science and capital market structuring. This divergence has long stifled unified risk management strategies. Now, that division is disappearing.
