IAIS publishes paper on index-based insurances

A new paper on index-based insurances has been published by the International Association of Insurance Supervisors (IAIS). The paper, Index-based Insurances Particularly in Inclusive Insurance Markets, explains that index-based insurances are insurance contracts in which a claim is defined with reference to a pre-determined index, sometimes also referred to as parametric insurance. The IAIS said that such insurances are increasingly…

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