Auto-payout triggered by verifiable events. Claims paid in minutes instead of weeks, with no adjuster required for parametric triggers.
This template leverages the following programmable controls to create a secure, compliant payment flow.
Claim payout amount escrowed
External data feed (weather, flight, seismic)
Auto-trigger on threshold
Confirm policyholder identity
After a hurricane, traditional insurance claims take months to process while businesses struggle to recover. Adjusters are overwhelmed and disputes are common.
Parametric policy pays out automatically when wind speed exceeds 100 mph at the insured location, based on National Weather Service data.
Result: Payout received within 24 hours of storm passing, no claims paperwork required
Build innovative parametric products with instant, automated payouts.
Streamline catastrophe bond payouts with objective trigger verification.
Automatic payouts for flight delays, cancellations, and weather events.
Trigger payouts based on rainfall, temperature, or yield index data.
Talk to our team about customizing this template for your specific payment workflows.
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