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Parametrics are key to solving wildfire risk: MGA Descartes

Descartes logo with Daniel Vetter and vineyard.jpg
Daniel Vetter, head North America at Descartes Insurance Solutions

Start-up MGA Descartes Underwriting argues that parametrics are critical to solving modeling and pricing obstacles involved in underwriting wildfire risk, as well as minimizing basis risk when the areas surrounding a property are devastated, but an insured’s physical property is unaffected.

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