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International

Axa to launch parametric risk transfer and assistance service

November 29, 2019 Reprints

French insurer Axa SA plans to launch a parametric risk transfer and assistance service called FastCat in December, Artemis reported. The service will use drones and satellite images to provide weather alerts and constant real-time assessments about natural disasters like floods, earthquakes, cyclones, and wildfire. FastCat will also provide climate-related insurance.

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Axa to launch parametric risk transfer and assistance service

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