Reinventing the parametric insurance paradigm

Dynamic changes are making risk unpredictable, difficult to model, and assess, in turn creating gaps in coverage. Parametric insurance has emerged as an effective vehicle to offer certainty and mitigate the protection gap, yet it has not become mainstream — yet. 

TCS Parametric Insurance Platform is a cloud-based platform that enables insurance companies to launch and offer various parametric insurance products with speed and at scale by simplifying the product configuration, policy contract management, event monitoring, workflow management and complex integrations.

In this demo, you'll see how the platform can manage information related to the policies and processing of claims based on parametric coverages and indexes, offering end-to-end capabilities required to accelerate roll out of parametric insurance.