Innovative Shifts Toward Nontraditional Solutions

Foundation Risk PartnersNews

FRP’s Senior Vice President, Mark Pennebaker, provides insight on a compelling alternative to indemnity-based insurance. The landscape of commercial property insurance is undergoing a notable evolution, marked by a shift toward non-traditional solutions. One innovative approach is parametric insurance, also known as index-based insurance. Unlike traditional indemnity-based insurance, which assesses losses after they occur, parametric insurance operates on predefined parameters … Read More