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FloodFlash stakes claim for 'smart quote' as "paradigm shift" in mass market parametrics
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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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