FloodFlash stakes claim for 'smart quote' as "paradigm shift" in mass market parametrics
FloodFlash has released 'smart quote' in its biggest update to its broker platform since launching in 2019.
According to the parametric insurance technology company the new feature brings a wealth of insights to help brokers and clients select the right cover.
Parametric insurance enables clients to select a pay-out amount for their policy, and a trigger depth. When flooding reaches a selected trigger depth, they are paid the full claim value.
Smart quote takes the inputs that brokers submit on behalf of their clients and produces a tailored quote, FloodFlash explained.
Each quote includes trigger
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