Insurance Day published an article around the impact of insurtech on the African continent, featuring comments from our CEO, Mikir Shah, on the use of tech in the specialty lines market.
According to Mikir, the same technologies used in parametric insurance for agricultural small holdings can also be employed through different distribution platforms:
“For example, if it doesn’t rain enough then the power from hydro plants may be impacted as they may not be able to run at normal power output due to lack of water in the reservoir. The impact of this and the need to replace with more expensive forms of energy can be covered by parametric insurance”
Click the link below to read the full article in Insurance Day.