Weather insurance

Weather insurance insures against weather variations. There are two insurable types of weather insurance: conditional weather insurance and weather cancellation insurance.

The integration of advanced technologies such as AI in the insurance industry is influencing the field of weather insurance. According to a recent industry report, these technologies facilitate the analysis of large datasets, leading to improved predictions of weather patterns. This advancement is important for weather insurance, as it aids in refining risk assessments and pricing models.

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