Comprehensive Parametric Protection Against Flood Risks

Flooding is one of the most costly natural disasters, often leaving communities and businesses in financial turmoil. NormanMax’s parametric flood insurance offers swift payouts triggered by pre-agreed parameters like water levels, ensuring timely financial recovery.

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Features

  • Customizable coverage for businesses and communities.
  • Uses advanced hydrological data for accuracy.
  • Reduces downtime and rebuild costs.

Coverage that provides pre-determined payouts based on objective measurements of flood events.

Parametric flood insurance is an innovative risk transfer solution that provides pre-determined payouts based on objective measurements of flood events, such as rainfall amounts, river levels, or flood depth. Unlike traditional flood insurance that pays based on actual damage assessment, parametric insurance pays when specific flood-related triggers are met.

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