“On Insurance Day, it is important to recognize that while climate-related losses are rising, insurance coverage remains significantly inadequate. In India, only about 14.8% of disaster-related economic losses are insured, while across Asia, insurance covers just 17% of losses from natural catastrophes. This protection gap leaves millions of households, farmers, and small businesses financially vulnerable.
As climate volatility intensifies, traditional claims-based models alone cannot bridge this gap. Parametric insurance represents a transformative shift, enabling automated payouts based on predefined triggers such as rainfall deficits, wind speed, or temperature thresholds, eliminating lengthy claims assessments and accelerating recovery.
We leverage AI-powered climate intelligence and parametric insurance to turn climate uncertainty into financial certainty. The future of insurance lies in building resilience through faster, transparent, and data-driven protection solutions that can scale across underserved and climate-exposed communities.”
Should you require any additional inputs, data points, or an exclusive interaction with Mr. Shrey, I’d be happy to coordinate.