Latest / Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies
How Fintechs Use Real-Time Seismic Data for Dynamic Quake Insurance
In this episode of Fintech Conversations, Lucas and Luna explore how fintechs are using real-time seismic data to power dynamic earthquake insurance. They dive into the mechanics of parametric insurance, where payouts are triggered by ground-shaking thresholds rather than claims adjusters, and discuss how recent advances in sensor networks and low-latency data streams are making this model viable. The conversation centers on a hypothetical case in California, where a moderate quake in the Bay Area could trigger automatic payouts within hours, contrasting with traditional insurance that can…
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