Results for tag: "Parametric Insurance"

The Parametric Insurance market within the Mining industry is a form of insurance that pays out a predetermined amount when a certain event occurs. This type of insurance is designed to provide financial protection against losses due to natural disasters, equipment failure, or other unexpected events. It is often used to cover the costs of repairs or replacement of equipment, as well as the costs of lost production. Parametric Insurance is becoming increasingly popular in the Mining industry due to its ability to provide quick and efficient financial protection. It is also attractive to miners due to its low cost and the fact that it does not require a lengthy claims process. Some of the companies in the Parametric Insurance market for Mining include Aon, Marsh, Willis Towers Watson, and XL Catlin. Show Less Read more