From $35 to $0.10 per claim: the decision architecture of parametric insurance
See how insurers turn real-time data into proof of loss, automate claims end to end, and launch parametric products in days without re-engineering core systems.
Inside the White Paper
- Why agility is now the deciding factor: how 30-40% expense ratios and 14 to 30 day claims cycles lock insurers out of high-volume products.
- The three capabilities of an agile insurer: real-time business rules, autonomous claims, and real-time data integration.
- How to treat data as proof of loss: approve a claim the moment data confirms it, and keep humans for the exceptions.
- A parametric example, end to end: a flight delay product from real-time quote to automated payout in under 5 seconds.
- The decision table itself: the exact payout logic an actuary can read and change, without a release cycle.
- What the market leaders already do: up to 70% straight-through processing, cost per claim from $35 to under $0.10.
Straight-through processing
70% STP rate
Leading insurers automate up to 70% of simple claims end to end. No manual review, no adjuster involvement. Data in, decision out, payout triggered.
Product launch time
Launch in days
Traditional launches take 6 to 18 months. An agility layer lets product teams go from logic in a spreadsheet to a live product in days.
For parametric claims
0 adjusters
Parametric products like flight delay insurance operate on a "Detect and Pay" model. Data triggers the payout automatically, settlement in seconds.
Whitepaper