Parametric Insurance as a Transformative Financial Mechanism to Bridge the Gap Between Total Economic Losses and Insured Losses and Building Canada's Economic Resilience

DOI: https://doi.org/10.70593/978-93-7185-066-7_2

Authors

Mamdouh Hamza Ahmed
Insurance and Actuarial Sciences Department, Faculty of Commerce, Cairo University
https://orcid.org/0000-0003-4406-1625

Synopsis

This chapter explores parametric insurance as a transformative financial mechanism to bridge this protection gap and bolster Canada's economic resilience. By providing rapid, transparent, and predictable payouts based on objective triggers, parametric insurance can stabilize incomes, ensure business continuity, and reduce the fiscal burden on governments in the immediate aftermath of a disaster.

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Chapter 2

Volume

Risk Management: Health Insurance System Sustainability, Parametric Risk Transfer, and Using Accelerated Supervised Machine in Life Insurance Underwriting

Pages

28-34

Published

6 October 2025
Copyright (c) 2025 Mamdouh Hamza Ahmed

How to Cite

Ahmed, M. H. . (2025). Parametric Insurance as a Transformative Financial Mechanism to Bridge the Gap Between Total Economic Losses and Insured Losses and Building Canada’s Economic Resilience. In Risk Management: Health Insurance System Sustainability, Parametric Risk Transfer, and Using Accelerated Supervised Machine in Life Insurance Underwriting (pp. 28-34). Deep Science Publishing. https://doi.org/10.70593/978-93-7185-066-7_2
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