Insurance trial could speed recovery from weather events

Insurance trial could speed recovery from weather events
Weather patterns are becoming harder to predict (Image: NZME)
Blair Turnbull
With weather events becoming more extreme, insurers are looking at different insurance models to help communities recover more quickly from widespread damage.At Tower, we’re piloting ‘parametric’ insurance in the Pacific; with the view we’ll roll it out further if it works well.Parametric insurance pays out when a clearly defined weather event such as a cyclone happens.There is no property assessment. Instead, when the weather event occurs, you automatically get the funds you’re insured for.It aims to help communit...

More Opinion

You won’t trust AI if you don’t understand it
Opinion

Peter Griffin: You won’t trust AI if you don’t understand it

The goal for AI should be to develop “critical use" because it has many flaws.

Peter Griffin 07 May 2025
Organic traffic is softening thanks to AI
Opinion

Ben Goodale: Organic traffic is softening thanks to AI

AI still can’t replicate experience. And that’s where brands need to double down.

Ben Goodale 06 May 2025
Why folks worry about the end of Buffett country
Opinion

David Chaplin: Why folks worry about the end of Buffett country

If there were a Pope of capitalism, Buffett would be the only candidate.

David Chaplin 06 May 2025