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Parametric insurance increasingly filling gaps in traditional cover


According to a new whitepaper from U.K.-based insurance broker New Dawn Risk Group Ltd., parametric insurance has emerged as an effective risk-mitigating solution that provides protection for gaps in traditional insurance cover, Strategic Risk Asia Pacific reported. As parametric insurance provides an affordable solution for large-scale coverage of agriculture and natural catastrophe risks in exposed areas, New Dawn expects demand to increase over the coming some years.


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