’Parametric solutions are incredibly versatile,’ says head of climate strategyGallagher Specialty has launched a parametric insurance centre of excellence designed to respond to changing market conditions and client demand. It felt a greater use of parametric insurance could combat the increased cost of revenue impacts. Parametric insurance is where the trigger and claims payout are preset, meaning claims processing time is reduced. AppointmentThe new centre is being led by James Bosley, who has been appointed head of climate strategy for Gallagher Specialty. Bosley said Gallagher Specialty was “continuing to build and explore further capabilities to enable us to effectively assist our clients”.

Source: The Times February 23, 2024 10:51 UTC