Increasing clarity and speed in underwriting, risk analysis & claims
Parametric insurance is “index-based”, meaning:
coverage is triggered if predefined event parameters are met or exceeded.
claims adjustment amounts are paid out quickly and with little administration.
the parametric payout is pre-agreed and when the parameter is confirmed by an independent 3rd party, the insured is reimbursed quickly for sustained financial loss.
the insurer reserves the right to review actual losses and perform a claims adjustment process.
Auto-quote renewal
One-PV creates a localized risk model for each solar site, taking input of factors such as defect occurrences, environmental factors, maintenance efficacy , etc.
Based on the risk score of the solar panels & the portfolio profitability model selected by the insurers, an auto-recommendation is made for the premium renewal amount.
All of this without having to incur operating costs on site audits or engaging third party consultants.
This enables decisiveness & efficiencies for the insurer. For the policyholders this means greater transparency & trust.
