Trigger-based solutions
Technology built for dynamic and data-driven products
Manage parametric products with low-code builders designed to enable P&C insurers and MGAs with
market agility and real-time responsiveness.
Workflow Flexibility
Customizable product-specific workflows that
adapt to external data events and automate
manual tasks based on product configuration.
Parametric Underwriting
Collect real-time data from IoT and third-party
data sources for dynamic pricing, validation,
and underwriting
Integration Ecosystem
Enable rapid integration with any third-party
systems for pricing, underwriting, and
communication.
Product Builder
Parametric Design
Develop index-based products with low-code configurability
to enable agility for rapid product and trigger iteration.
Payout Design
Define lump sum payments or stair stepped payouts that increase with trigger
severity level.
Index Structure
Create a structure of permutations of triggers for CAT events with geographical
limits and multiple parameter thresholds.
Customization
Configure policies to activate only for events that cross peak thresholds for
bespoke coverage.
Feature Highlights
Parametric Features Designed for Business Teams
Configurable and flexible features that work together with AI-powered automation to help business teams design and
manage parametric products with ease.
Trigger & Payout Rule Engine
Flexibility to configure parameters and
automated payout rules based on trigger
severity and pre-defined thresholds.
Parametric Pricing
Integrate with third-party data sources to
dynamically adjust prices based on current
conditions and real-time rating parameters.
Self-service Portal
Dashboard for policyholders to view status of
claims payouts and upload proof of loss
documents.
Automated FNOL
Support customer-submitted claims (validated
via external data and adjustors) and fully
automated claims processing
Communication Management
Automate communication and updates to
customers about trigger events, payouts with
SMS and email templates.
Policy Validation
Issue policies based on eligibility criteria such
as location for cat in the box policies.
Parametric Solutions
Parametric Insurance Products for LOBs
Parametric Insurance to close coverage gaps and reduce risk exposure
Cat in the box
Pre-defined payouts for events based on
rainfall, heat etc within geographical limits for
weather index-based events.
Flight/Cargo Delay
Automated payouts triggered by delay duration
for business interruption coverage.
Cyber Insurance
Immediate payouts triggered by confirmed
cyber security incidents based on attack
severity index.
