About Global parametrics
Global Parametrics: Redefining Disaster Preparedness and Response with Data-Driven Solutions
Global Parametrics is a leading provider of innovative solutions for disaster preparedness and response. The company leverages cutting-edge data analytics to identify and assess risk exposure, enabling it to structure financial risk transfer solutions that help clients mitigate the impact of natural disasters.
At Global Parametrics, we believe that traditional approaches to disaster management are no longer sufficient in today's rapidly changing world. Climate change, population growth, urbanization, and other factors have made disasters more frequent and severe than ever before. To address these challenges, we have developed a unique approach that combines advanced data analytics with financial engineering expertise.
Our team of experts includes scientists, engineers, actuaries, and finance professionals who work together to provide customized solutions for our clients. We use a range of data sources – including satellite imagery, weather forecasts, historical records, and demographic data – to build models that accurately predict the likelihood and severity of natural disasters.
By analyzing this data in real-time using machine learning algorithms and other advanced techniques, we can quickly identify areas at high risk of flooding or other hazards. This allows us to work with our clients – including governments, NGOs (non-governmental organizations), insurers/reinsurers -to develop tailored insurance products or other financial instruments that protect against losses from natural disasters.
Our approach is based on the principle of "parametric insurance," which means that payouts are triggered automatically when certain pre-defined conditions are met (e.g., wind speeds exceed a certain threshold). This eliminates the need for lengthy claims processes or disputes over damage assessments since payouts are based on objective measurements rather than subjective judgments.
In addition to providing financial protection against losses from natural disasters such as hurricanes or floods; Global Parametrics also offers consulting services related to disaster preparedness planning. Our experts can help clients assess their vulnerability to various types of hazards; develop contingency plans; train staff on emergency response procedures; and more.
Overall, Global Parametrics is redefining the market for disaster preparedness and response by using data sets to analyze risk exposure and structure financial risk transfer solutions. Our innovative approach has already helped many clients around the world to better manage their exposure to natural disasters, and we are committed to continuing this work in the years ahead.