Earthquake Risk Mitigation

In a seismic wake-up call that has sent shockwaves through South America, Venezuela was hit by two major earthquakes exceeding magnitude 6.0 on September 25, 2025—clustered near the volatile Colombia-Venezuela border.

Parametric insurance is known as an index-based insurance policy and coverage is based on a metric from the collection of reliable data from third-party source. The claims payment amount is agreed to in advance and is triggered when the threshold is exceeded even without any damages.