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Parametric insurance solutions - is it a legally viable option as the midpoint between traditional insurance and index-based derivatives from a South African perspective?
Dissertation (LLM (Insurance Law and Governance))--University of Pretoria, 2022.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2023
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| _version_ | 1867613462148939776 |
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| access_status_str | Open Access |
| author2 | Grove, N.J. |
| author_browse | Grove, N.J. |
| author_facet | Grove, N.J. |
| collection | Thesis |
| dc_rights_str_mv | © 2022 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (LLM (Insurance Law and Governance))--University of Pretoria, 2022. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/89319 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:36:31.522Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/89319 Parametric insurance solutions - is it a legally viable option as the midpoint between traditional insurance and index-based derivatives from a South African perspective? Grove, N.J. deanbenn020@gmail.com Benn, Dean John UCTD parametric insurance index insurance insurance Dissertation (LLM (Insurance Law and Governance))--University of Pretoria, 2022. Parametric (or index-based) insurance solutions has been introduced in many emerging countries to combat certain severe weather-related risks, as an alternative to traditional indemnity based short-term insurance. With the introduction of the new Insurance Act, 2017 that introduced a drastic shift in the way insurance policies are to be categorized in South Africa, it is still to be determined whether the new regulatory regime is flexible enough to cater for parametric insurance solutions given the nature and the construct of these solutions. Due to the nature of how the ‘’loss” is calculated, a critical question to be answered is whether these products are indeed products that can be classified as ‘indemnity insurance’ and whether it fits within the current insurance regulatory framework, where the definition of a “non-life insurance policy” requires the full or partial indemnification of a loss before a claim can be made. This paper will aim to define what exactly parametric insurance is. It will aim to clearly distinguish between weather based derivatives based on indexes and parametric insurance solutions and also aim to distinguish parametric insurance from traditional indemnity insurance. Private Law LLM (Insurance Law and Governance) Unrestricted 2023-02-08T09:08:31Z 2023-02-08T09:08:31Z 2023-05 2022 Dissertation * A2023 https://repository.up.ac.za/handle/2263/89319 en © 2022 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD parametric insurance index insurance insurance Parametric insurance solutions - is it a legally viable option as the midpoint between traditional insurance and index-based derivatives from a South African perspective? |
| title | Parametric insurance solutions - is it a legally viable option as the midpoint between traditional insurance and index-based derivatives from a South African perspective? |
| title_full | Parametric insurance solutions - is it a legally viable option as the midpoint between traditional insurance and index-based derivatives from a South African perspective? |
| title_fullStr | Parametric insurance solutions - is it a legally viable option as the midpoint between traditional insurance and index-based derivatives from a South African perspective? |
| title_full_unstemmed | Parametric insurance solutions - is it a legally viable option as the midpoint between traditional insurance and index-based derivatives from a South African perspective? |
| title_short | Parametric insurance solutions - is it a legally viable option as the midpoint between traditional insurance and index-based derivatives from a South African perspective? |
| title_sort | parametric insurance solutions is it a legally viable option as the midpoint between traditional insurance and index based derivatives from a south african perspective |
| topic | UCTD parametric insurance index insurance insurance |
| url | https://repository.up.ac.za/handle/2263/89319 |