Use Parametric Solutions to Deliver Enhanced Business Interruption Cover to SMEs

Presented by

Andrew Bauckham (Chaucer), Ruth Polyblank (Mastercard), Peter Robinson (Prizm) and Alastair Speare-Cole (Qomplx)

About this talk

Can parametric solutions help to restore the confidence of small business owners by delivering enhanced business interruption cover to SMEs? Join the team from Intelligent Insurer as they talk to Chaucer, Mastercard, Prizm and Qomplx to get the details on how insurers and their broker partners are using parametric solutions to achieve instant claims settlement, reduced time and expenditure on loss- adjusting and the avoidance of legal disputes. Hear from leading industry experts ready to share their tips, tricks and pointers. In this webinar, you’ll get exclusive insights from: Andrew Bauckham, Deputy Practice Head–Property & Political Violence, Chaucer Ruth Polyblank, Vice President, Insurance, Strategic Growth, Mastercard Peter Robinson, Managing Director, Prizm Solutions Alastair Speare-Cole, President of Insurance, Qomplx In just one hour of dynamic discussion and debate, you’ll discover how to: Consider the limitations of indemnity products and discover how index-based solutions can expand coverage to address gaps in traditional business interruption policies Get the detail on how to define simple objective triggers to better protect SMEs from wide-ranging business interruption perils, including IT failure, data breach, terrorism and pandemics Quantify the benefits of parametric products for both SMEs and insurers, including instant claims settlement, reduced time and expenditure on loss-adjusting and avoidance of legal disputes Explore difference in limits and debate the value of a parametric policy at £100K or less in comparison to an indemnity policy at a much higher limit
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