Parametric Insurance for Internet Disruptions
Why is it relevant?
Severe weather and other disruptions can cause usually reliable Telecom networks to lose some or 100% connectivity. This leads to frustrated customers with loss of work and leisure activities. These disruptions can be unpredictable and frequent which leads to reputational as well as customer loss.
How does it work?
Insurance coverage pays a pre-agreed amount covered within a Telco group policy plan when a certain threshold is crossed on the “Parametric Internet Index”.
Who is it designed for?
Telecom companies that are prone to unforeseen disruptions due to severe weather, cable cuts, human errors, etc.