Embedded Parametric Insurance is Reshaping Who Gets Protected | Sam Broomer
About this lesson
In this episode of FiveMinutes, we sit down with Sam Broomer to explore one of the most important innovations in modern insurance: embedded parametric insurance. As climate risks intensify and traditional insurance models struggle to keep up, Sam breaks down how parametric insurance is transforming the industry—offering faster payouts, simplified claims, and new ways to cover gaps like deductibles and business interruption. 📖 Highlights: ✅ What parametric insurance is and how it differs from traditional coverage ✅ How embedded insurance is reshaping the customer experience ✅ Why climate change is driving innovation in insurance products ✅ How insurers are solving the high deductible problem for homeowners ✅ The role of data, APIs, and digital ecosystems in modern insurance ✅ Real-world examples of business interruption without physical damage 👥 Special Guest: Samuel Broomer, Embedded Parametric Solutions at NormanMax Insurance 🎥 Subscribe on YouTube: / @FiveMinutespod 👉 Work with me: https://fivem.llc/how-we-can-help Follow on Socials: 📸 Instagram: https://www.instagram.com/miguelatfivem 🐦 Twitter: https://twitter.com/miguelatfivem 🎬 Clips on TikTok: https://www.tiktok.com/@miguelatfivem 🔗 Learn More: Want to lead innovation effectively in your organization? Download our free guide: https://tinyurl.com/fivelessonse-book __________________________ WHO AM I 🤓 I'm a husband, father of four boys. They are my life. I am a compassionate, honest boundary pusher on a relentless pursuit of innovation excellence and driving others to reach their full potential.I am unafraid of the unknown and believe barriers are simply opportunities to define new paths. I lead with love and am driven to create efficiencies and go full speed. I have a very unique career in the industry that has enabled me to build expertise and simplify major, seemingly complex tech modernizations. #insurtech #parametricinsurance #embeddedsystems #insuranceinnovation #climateris
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