Lloyd's launches parametric profit protection insurance for hotels
Posted On: Sep. 25, 2019 6:03 AM CST
Lloyd's of London has launched parametric profit protection insurance for the hotel industry to provide coverage against any revenue-impacting event, Artemis reports. The insurance policy does not require a named peril qualifier, and instead will be payout for events that affect a hotel and create a pre-defined gap between actual and expected profits.