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parametric insurance

/ˌpɛrəˈmɛtrɪk ˌɪnˈʃʊrəns/ /ˌpærəˈmɛtrɪk ɪnˈʃɔːrəns/
noun
GeneralInsurance
  1. 1 parametrik sigorta uncountable

Definition (English)

Insurance that pays out based on predefined triggers, like weather data, not actual loss assessment.

Example Sentences

  1. Parametric insurance can provide quick payouts after a hurricane.
    Parametrik sigorta, bir kasırgadan sonra hızlı ödemeler sağlayabilir.
  2. Many farmers buy parametric insurance to protect themselves against drought.
    Birçok çiftçi kendini kuraklığa karşı korumak için parametrik sigorta yaptırır.