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International

Parametric cat insurance program expects 10-fold increase in premium volume

October 19, 2017 Reprints

Parametric catastrophe insurance program Pacific Catastrophe Risk Insurance Co. anticipates a 10-fold increase in premium volume for climate- and seismic-related insurance in the upcoming renewal season, Voxy.co.nz reports. From Nov. 1 catastrophe risk insurance policies will provide governments coverage against tropical cyclones, earthquakes and tsunamis.

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Parametric cat insurance program expects 10-fold increase in premium volume

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