Insurance

Parametric Insurance Payout

Insurance claim auto-triggers based on verifiable event (weather data, flight delay, earthquake magnitude). No manual claims process.

Insurtech, Parametric insurance, Reinsurance

Payment Flow

Policy Purchased
Funds Escrowed
Monitor Event Data
Trigger Threshold Met?
Auto-Payout

Controls Used

Escrow Hold
Claim payout amount escrowed
Oracle Integration
External data feed (weather, flight, seismic)
Conditional Release
Auto-trigger on threshold
KYC Verification
Confirm policyholder identity

Value Proposition

  • Claims paid in minutes vs. weeks of processing
  • No adjuster required for parametric triggers
  • Policyholder trust through transparent conditions

Get Started with Parametric Insurance Payout

Schedule a technical walkthrough to see how this template integrates with your existing infrastructure.

Custom configuration review
Integration architecture guidance
Compliance requirements discussion