Podcast

Podcast

Voices That Shape the Future

Faster and Precise Payouts with AI-Powered Parametric Insurance

November 27, 2025

Jon Mayo
Speaker
Jon Mayo
SVP, Insurance Practice Head
TestingXperts
Rakesh Pal
Speaker
Rakesh Pal
VP, Insurance Vertical Head
TestingXperts

In this episode of The Tx Show, Jon Mayo (SVP, Insurance Practice Head) & Rakesh Pal (VP, Insurance Vertical Head) explore how Agentic AI is reshaping parametric insurance and helping carriers manage climate risk with speed and precision.

They discuss how climate events are becoming more frequent and severe, and how insurers are under pressure to:

  • Respond faster when events occur.
  • Price smarter before events happen.
  • Deliver quick, precise payouts when customers need them most.

Jon and Rakesh break down how AI and parametric triggers are transforming traditional insurance processes:

  • AI-Powered Risk Assessment: Using dynamic, real-time data to continuously refine climate risk models.
  • Automated Claims & Payouts: Triggering payouts automatically based on predefined parameters, eliminating lengthy claims processes.
  • Mitigating Basis Risk: Reducing mismatches between triggers and actual losses by continuously learning from live event data.

Tune in to hear how Agentic AI is not just improving efficiency, but unlocking new possibilities for insurers in the face of climate change.