AFTER years of limited interest from businesses and brokers, Fraser Fontaine & Kong Ltd (FFK) says recent hurricane activities have renewed attention around parametric insurance as companies look for faster ways to recover from weather-related disruptions.

President and Chairman Gerard Fontaine said the brokerage had been examining parametric insurance for more than a decade before deciding to push the product more aggressively in the local market.

“People have purchased this before, and it didn’t live up to their expectations,” Fontaine said during a Jamaica Observer Business Forum.