Jonathan Gonzalez: Co-founder & CEO, Raincoat: Enabling parametric protection that scales (268)

InsTech - insurance & innovation with Matthew Grant

08-10-2023 • 31 mins

What does parametric insurance mean to Jonathan Gonzalez, Co-founder and CEO of Raincoat?

Raincoat is a technology company that works with brokers and insurers to develop and distribute parametric climate insurance for consumers in at-risk regions. The company is involved in parametric schemes around the world and aims to extend parametric protection to those exposed to disasters globally.

In this week’s podcast Jonathan speaks to InsTech’s Henry Gale, to discuss how Raincoat has expanded since the last podcast, and asks us to consider whether parametric insurance will ever simply be known as “insurance”?

Talking points include:

  • Lessons from operating parametric programmes where pay-outs were triggered
  • Why parametric insurance is relevant across the world
  • Raincoat’s approach to collaboration with brokers, insurers and distribution partners
  • How parametric insurance is a “tool”
  • Consumer attitudes to parametric
  • How will the category of “parametrics” evolve in the future?

To continue learning about the parametric insurance market, download our report "Parametric Insurance in 2022: the 150+ Companies to Watch".

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Continuing Professional Development - Learning Objectives

InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme.

By the end of this podcast, you should be able to meet the following Learning Objectives:

  • Explain what parametric insurance is and how it can be scaled in the future
  • Summarise the importance of collaboration in innovation
  • Identify what lessons can be learnt from historical data and previous pay-outs to inform and aid the development of parametric insurance

If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 268 page of the InsTech website or email to let us know you have listened to this podcast.

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