9 to 1!
A stitch in time saves nine...
This what I like most!
When users explain a product far better than the Engineers who conceived it (or even the Business Developers who are promoting it ^^). Thank you Butch Bacani for your clarity!
Indeed, #ParametricInsurance is all about speed in execution.
Securing cash releases, payouts within hours following the reading of the index triggering the policy, enables cash releases that will permit emergency and recovery actions, reducing losses, pains, business interruptions impact and ensuring in the end the #resiliency of communities and businesses.
#thatswhatwedo AXA Climate
PD: time to restore the image of the insurance industry with fast and seamless processes.
See also the recent article in The Guardian: "Insurance: UK watchdog urged to clamp down on ‘abysmal’ claims handling"