A new wave in disaster financing: Parametric insurance for tsunami damage

PHYSorg
Aug 4, 2025, 10:00 am97 pts
If your home was destroyed by a sudden disaster that you couldn't control, you would hope that at the very least, your insurance would cover your losses. However, disaster risk financing systems are struggling to keep pace with growing economic losses. Natural catastrophic (NatCat) events are becoming…

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