How Parametric Insurance Is Changing the Game with Garrett Koehn

Dive into the world of parametric insurance with Garrett Koehn, President of Executive Lines and Chief Innovation Officer at CRC. In this episode of "Know Your Risk and Insurance Coverage with RiskProNet," Garrett sheds light on the origins of parametric insurance, its evolution beyond weather-related events, and its growing applications in various sectors. From automatic triggers to social benefits and data-driven underwriting, discover how parametric insurance is revolutionizing risk management. Join the conversation to explore the intricacies of this innovative insurance approach and its implications for businesses and insurers alike.Timecodes:Introduction and Overview (00:00 - 01:00)Exploring Parametric Insurance (1:00 - 3:19)Benefits and Applications (3:19 - 0:05)Marketplace Applications (5:05 - 7:43)Data-Driven Underwriting (7:43 - 10:51)Future Trends and Innovations (10:51 - 13:11)Blockchain and Emerging Technologies (13:11 - 16:01)Introduction of New Products (16:01 - 18:57)Evolving Landscape and Broker Role (18:57 - 21:44)Resources:Become a member at RiskProNet.comConnect with Garrett Koehn on LinkedinConnect with Chip Arenchild on LinkedIn