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Parametric Insurance Center
Waters Insurance Network provides parametric solutions to a variety of sectors, across international markets. An increase in the severity of global Natural Catastrophes, has led to businesses feeling the economic effects of a more volatile global climate. In addition, the global pandemic has resulted in reduced capacity and reduced coverage across conventional insurance markets, as well as confusion and dispute over the scope of policy coverage.
Parametric coverage is the perfect solution to fill the void in your coverage, where traditional policies are unable to help and provide clear and measurable criteria for a claim recovery.
Current Available Parametric Solutions Include:
- Natural Catastrophe events: tornado, hurricane, flood, hail, earthquake, wildfire, snow, frost
- Energy: temperature variants, solar radiation, wind, power outage protection
- Leisure, Hotel and SMEs: revenue loss protection from non-weather events such as active shooter, pandemic, terror attacks
- Construction: project delays and BI due to weather events.
- Top Up Business Interruption Cover: BI included only to compliment material damage on a property policy, parametric solutions will cover a variety of other triggers.
Parametrix Downtime Insurance
Parametrix Insurance produces innovative, quick-settlement business interruption insurance policies that cover third-party IT infrastructure downtime for cloud-computing.
Jumpstart Earthquake Insurance
Jumpstart Insurance provides parametric coverage for earthquakes based on quake intensity at your insured location, with automated payouts in as little as twenty-four hours.
Parametric Crop Coverage
With increasing global climate change, it is more important than ever for cultivators to ensure their crop has adequate protection from environmental factors that are out of their control.
We serve the following industries:
- Hotels and Leisure
- Construction / Developers
- Energy (oils & gas / renewables)
- Transport Companies
- Real Estate
- Hemp and Cannabis cultivators
- SME’s (e.g. car dealerships)
- We also offer parametric coverage to complement gaps in traditional coverage. E.g. Business Interruption.
Other important information:
- Facility business available (we can cover a portfolio of HNW properties and all restaurants)
- Maximum Value: USD 150,000,000 any one location
- International cover available
- ‘A’ Rated security
- Automatic claims payments within 7 days