New parametric insurance can deliver payouts for even the lightest showers
Overview of Parametric Insurance for Light Showers Parametric insurance, unlike traditional indemnity-based insurance, provides payouts based on predefined triggers (e.g., measurable weather events) rather than assessed damages. In 2025, a notable advancement in this field is RainSure, introduced by Vortex Weather Insurance, which delivers payouts for even the lightest rainfall, starting at just 0.01 inches … Read more