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Domain · Product Sense

Parametric insurance pays a fixed amount when a defined trigger is hit rather than indemnifying actual loss. Where does a parametric product genuinely beat traditional coverage, and what's the catch you have to design around?

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Parametric pays on an objective index — wind speed at a location, earthquake magnitude, rainfall below a threshold, cat-bond-style triggers — so the payout is fast and cheap to adm

The full answer: structure, worked example, likely follow-up.

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