Insurers unable to hide behind parametric insurance small print, says FloodFlash’s Adam Rimmer

By Insurance Times 2020-08-18T09:04:00

Although many organisations had a form of business interruption insurance within their commercial cover prior to the Covid-19 pandemic, FloodFlash co-founder Adam Rimmer tells Insurance Times how a parametric insurance model would have been the better option for this type of insurance, as ’there’s no small print for the insurer ...

Business owners financially affected by the ongoing Covid-19 pandemic and the lengthy national lockdown would have been better served by parametric insurance rather than relying on business interruption (BI) cover, as ”there’s no small print for the insurer to hide behind” says Adam Rimmer, co-founder at insurer FloodFlash.

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