March 9, 2017
AXA Global Parametrics: insurance, simplifiedWhat if you could be covered against nearly any risk, anywhere in the world, and receive payouts automatically? AXA Global Parametrics, a new subsidiary of the AXA Group, leverages an innovative insurance model based on technology and data that truly revolutionizes insurance and amplifies the scope of the insurable.
The Dawn of Insurtech
For example, say a wind farm wishes for a cover against lack of wind causing a decrease in energy production - in case of a wind speed deviation of 10% below the 5-year average, for example, the payment is made automatically.