multiple trigger insurance contracts
While traditional insurance contracts have one trigger—a physical event or occurrence that activates coverage—multiple trigger contracts are designed to respond to both physical hazard-type events and resultant financial movements.
multiple trigger insurance contracts
While traditional insurance contracts have one trigger—a physical event or occurrence that activates coverage—multiple trigger contracts are designed to respond to both physical hazard-type events and resultant financial movements.
Additional Information
These financial movements can be any benchmark against which the firm measures its financial viabilities, such as its stock price, quarterly earnings, internal rate of return, etc. For example, a multiple trigger program could cover property loss due to fire, windstorm, etc., and a reduction in quarterly earnings that results from the physical event.
Synonyms
dual trigger
