Machine Cover

Machine Cover expands parametric insurance offerings to capture a larger portion of the indemnity insurance market. The company leverages predefined triggers and payouts to streamline claims processing for policyholders. This approach reduces reliance on traditional loss assessments, improving efficiency and accessibility for businesses.

Jun 2020captiveinternational.comNews article

Machine Cover is developing a parametric-based insurance product to address gaps in pandemic coverage. The company highlights that existing business interruption policies often exclude medical pandemics, leaving businesses vulnerable to unforeseen consequences. Founder and CEO Inder-Jeet Gujral states current insurance solutions fail to meet the needs of companies facing pandemic-related disruptions.

Jun 2020ProgramBusiness | Where insurance industry clicksNews article

Insurtech introduces the world’s first parametric-based pandemic insurance product. The offering uses predefined triggers to automate payouts based on pandemic severity metrics rather than traditional claims processes. This approach aims to streamline coverage for businesses and individuals during global health crises.

Jun 2020Insurance BusinessNews article

Machine Cover, a Boston-based tech company, is launching the first pandemic insurance product using parametric triggers. The policy design ties payouts directly to predefined pandemic conditions rather than traditional claims assessment. This innovation aims to streamline coverage for businesses facing pandemic-related disruptions.

Jun 2020insurance-edge.netNews article