In May 2018, Marsh launched an innovative parametric insurance policy that was designed to provide business interruption insurance in the event of a pandemic. This is the first insurance product of its kind. Dr. Robert Hartwig was contacted by the Insurance Journal for a comment on how the claims for this product would work. He said, “The underlying data triggering the insurance is evident to all parties, ensuring a quick and seamless payout.” This policy would have been very useful for companies during the COVID-19 pandemic. Unfortunately, no businesses purchased the insurance policy. Click here to read more.