Startup Beat

The pandemic changed the way we look at many things, but nothing more so than healthcare. This huge paradigm shift also catalyzed an increased demand for insurance, while also shifting the ways that we expect insurance to cover our daily lives. 

With traditional insurance policies, a rigid set of terms dictate which health incidents are covered and the conditions that need to be met in order to receive a payout. An emerging format of insurance, known as Parametric insurance (PI) is a type of insurance that is becoming the preferred approach to insurance coverage. 

Winner of Connect: Market Innovators is an insurance company Raincoat which utilizes this type of insurance in a unique way to provide for modern needs. Let’s take a closer look at how Raincoat has created a breakthrough approach to PI and is helping to provide a more relevant approach to insurance in 2022.

Insuring People For

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