NormanMax Insurance Solutions provides an automated platform for brokers and commercial clients to obtain parametric insurance quotes within hours. The service offers a range of customizable coverage options, real‑time policy issuance, and dedicated claims support, enabling rapid deployment of weather, catastrophe, or other trigger‑based risk solutions.
Funding
Funding not disclosed
Founders
Product
Problem
Obtaining insurance quotes for parametric products often involves lengthy underwriting cycles and limited flexibility, making it difficult for brokers and businesses to quickly secure coverage that matches their risk profiles.
Solution
NormanMax Insurance Solutions streamlines the acquisition of parametric insurance by offering an accelerated quote process that delivers pricing within hours. Their platform presents multiple coverage options tailored to specific risk parameters, allowing users to compare and select the most suitable policy. A dedicated claims team provides responsive support throughout the submission and underwriting stages, ensuring a smooth experience from quote to policy issuance. By focusing on speed, transparency, and customization, NormanMax enables brokers and commercial clients to bring parametric solutions to market faster and with greater confidence.
Target Audience
Primary customers are insurance brokers and commercial enterprises seeking rapid, customizable parametric insurance solutions for weather, catastrophe, or other trigger‑based risks.
Features
- Automated underwriting engine that generates parametric insurance quotes in under 24 hours
- Interactive submission portal offering a range of coverage configurations and premium options
- Real‑time policy issuance and digital documentation for immediate deployment
- Dedicated claims assistance team that guides users through the entire submission and settlement process
- Integration capabilities for brokers to embed quote requests within their own sales workflows