Igloo and DANA launch parametric rain protection insurance for Indonesians
Igloo, Southeast Asia’s full-stack insurtech company building the operating system for insurance, has partnered with DANA, an Indonesian e-wallet platform, to launch DANA Rain Protection, a parametric weather insurance coverage which will automatically compensate users with IDR 50,000 when triggered. The parametric product is triggered when rainfall at the user’s location reaches 2.5mm or more…