In an ever-evolving world where unexpected events can wreak havoc on one’s financial stability, the need for innovative insurance solutions has become paramount. One such solution that has gained significant attention is parametric insurance.

It's no secret that our country is facing some of the highest inflation rates of the past few decades. Over the past few years, the cost of building materials, labor, and other services have increased well beyond this high inflation rate. Like most, the insurance industry is feeling the impact and adjusting to try and keep up. But, they can't do this alone.

The insurance industry is notorious for being behind the curve when it comes to keeping up with the times. There's a lot of "that's how it's always been done" methodology even when data doesn't support specific guidelines or processes. These outdated practices cause-not only frustration for consumers-but frustration among agents and many of those within the insurance industry as well.