Parametric insurance may offer businesses a level of coverage customization that traditional insurance struggles to match as insureds can tailor policies to their needs. (Credit: Rawf8/Adobe Stock) Parametric insurance may offer businesses a level of coverage customization that traditional insurance struggles to match as insureds can tailor policies to their needs. (Credit: Rawf8/Adobe Stock)

The commercial-property insurance landscape is undergoing a notable evolution, marked by a discernible shift toward non-traditional solutions.

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