The concept of parametric insurance is gaining traction as businesses seek more adaptive protection against risks like power outages. Unlike traditional insurance, parametric insurance offers immediate payouts based on predefined triggers, such as the duration of a power outage. This model allows businesses to receive funds rapidly, helping them to maintain operations, pay employees, and cover losses without the lengthy claims process typical of traditional insurance policies. Entrepreneurs in the digital economy can implement this model by creating platforms that facilitate parametric insurance offerings, leveraging technology for real-time data collection and analysis, enabling swift and transparent claims processing. The target audience includes small to medium-sized enterprises, especially those in sectors vulnerable to operational disruptions from climate change.