Protecting Your Clients’ Fall and Winter Events from Weather Risks
Unpredictable fall and winter precipitation can cause major revenue loss for seasonal outdoor events like festivals and holiday markets. Andy Klaus, Vice President of business development at Vortex Weather Insurance, shares how parametric insurance helps agents and brokers protect clients against these risks, delivering fast payouts and filling gaps left by traditional coverage.
In this podcast, you’ll learn:
— What new vulnerabilities for fall and winter events are introduced by shifting precipitation patterns
— How parametric policies can provide quick payouts triggered by predefined weather thresholds, without requiring proof of loss
— Why offering parametric insurance coverage allows agents and brokers to differentiate themselves and grow their businesses
About Vortex Weather Insurance
Vortex Weather Insurance is a data-driven weather risk insurtech that offers businesses a variety of affordable parametric weather index insurance products. Since 2008, Vortex has provided insurance for outdoor events ranging from fairs and festivals, motorsports, youth sports, professional golf tournaments and golf clubs to outdoor theaters and concerts, and seasonal events. Insurance is underwritten by Mitsui Sumitomo Insurance USA, Inc. (MSU), admitted in all 50 states and has an AM Best rating of A+ (Superior).
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.