Measures policyholder understanding of parametric triggers and trust in automated payout mechanisms, identifying key trust drivers, barriers, and basis-risk tolerance to inform product design and communication strategies.
What's Included
AI-Powered Questions
Intelligent follow-up questions based on responses
Automated Analysis
Real-time sentiment and insight detection
Smart Distribution
Target the right audience automatically
Detailed Reports
Comprehensive insights and recommendations
Template Overview
29
Questions
AI-Powered
Smart Analysis
Ready-to-Use
Launch in Minutes
This professionally designed survey template helps you gather valuable insights with intelligent question flow and automated analysis.
Sample Survey Items
Q1
Chat Message
Welcome! Thank you for participating in this voluntary survey about insurance experiences and preferences. It takes approximately 5–7 minutes to complete.
There are no right or wrong answers—we are interested in your honest opinions. Your responses are anonymous, will be reported only in aggregate, and no personal identifiers are collected. You may skip any question or stop at any time.
Q2
Multiple Choice
Are you currently covered by any personal or business insurance policy?
Yes
No
Prefer not to say
Q3
Multiple Choice
Which of the following types of insurance do you currently hold? Please select all that apply.
Auto/vehicle
Home/property
Renters
Health
Life
Travel
Crop/agriculture
Business interruption
Cyber
Other (please specify)
None of the above
Q4
Multiple Choice
How familiar are you with parametric insurance triggers?
Very familiar
Somewhat familiar
Slightly familiar
Not at all familiar
Q5
Chat Message
Parametric insurance pays a fixed amount when a predefined, independently measured index (e.g., wind speed, rainfall, earthquake intensity) meets an agreed threshold—without requiring an adjuster to assess individual losses.
Q6
Multiple Choice
Based on the description above, which statement best describes a parametric trigger?
A payout occurs when a measurable index meets a set threshold, regardless of specific loss.
A payout occurs only after an adjuster verifies all itemized damages.
It is a method for estimating the policy premium each year.
Not sure
Q7
Multiple Choice
Have you ever had an insurance policy that used a parametric trigger?
I currently have one
I had one in the past
Not sure
No
Q8
Multiple Choice
Have you ever received a payout from a parametric insurance policy?
Yes
No
Not sure / Not applicable
Q9
Opinion Scale
If you have received a parametric payout, how satisfied were you with the speed of the payout?
Range: 1 – 7
Min: Not at all satisfiedMid: NeutralMax: Extremely satisfied
Q10
Opinion Scale
If you have received a parametric payout, how satisfied were you with the accuracy of the payout amount relative to your expectations?
Range: 1 – 7
Min: Not at all satisfiedMid: NeutralMax: Extremely satisfied
Q11
Opinion Scale
If you have received a parametric payout, how satisfied were you with the clarity of communication throughout the process?
Range: 1 – 7
Min: Not at all satisfiedMid: NeutralMax: Extremely satisfied
Q12
Opinion Scale
How much do you trust that a parametric policy would pay the correct amount when its trigger condition is met?
Range: 1 – 7
Min: No trust at allMid: NeutralMax: Complete trust
Q13
Opinion Scale
How confident are you that the data sources used to determine parametric triggers (e.g., weather stations, seismic sensors) are accurate and reliable?
Range: 1 – 7
Min: Not at all confidentMid: NeutralMax: Completely confident
Q14
Ranking
Please rank the following factors by how important each is to your trust in parametric payouts. Drag to reorder (1 = most important).
Drag to order (top = most important)
Trigger based on objective third-party data
Clear, simple threshold definition
Independent verification or audit
Real-time visibility into the index
Published historical performance
Backed by a reputable reinsurer or insurer
Q15
Multiple Choice
Which of the following concerns, if any, might make you hesitate to trust a parametric payout? Please select all that apply.
Basis risk (payout doesn't match my actual loss)
Data quality or manipulation concerns
Thresholds set too high to realistically trigger
Lack of transparency in calculations
Unclear dispute resolution process
Insurer or reinsurer reputation concerns
Premium cost relative to coverage
Lack of regulatory oversight
Other (please specify)
None of the above
Q16
Opinion Scale
Parametric payouts are based on an index (e.g., wind speed), which may not perfectly match your actual loss. How acceptable is this trade-off to you?
Range: 1 – 7
Min: Not at all acceptableMid: NeutralMax: Entirely acceptable
Q17
Opinion Scale
Imagine a hurricane where wind speeds clearly exceed the trigger threshold. How much would you trust the payout in this scenario?
Range: 1 – 7
Min: No trust at allMid: NeutralMax: Complete trust
Q18
Opinion Scale
Now imagine an earthquake where seismic readings fall just below the trigger threshold, but you still suffered damage. How much would you trust the decision not to pay out?
Range: 1 – 7
Min: No trust at allMid: NeutralMax: Complete trust
Q19
Opinion Scale
Finally, imagine a drought where the rainfall index says conditions are normal, but local crop damage is evident. How much would you trust the index-based decision?
Range: 1 – 7
Min: No trust at allMid: NeutralMax: Complete trust
Q20
Multiple Choice
How would you prefer to receive updates on trigger status and payouts? Please select all that apply.
Email
SMS / text message
Mobile app notifications
Web dashboard
Phone call from agent or broker
In-person meeting
Other (please specify)
No updates needed
Q21
Long Text
Based on your responses in this survey, what would help you feel more confident in parametric insurance triggers and payouts? Please share any additional thoughts.
Max chars
Q22
AI Interview
We'd like to explore your thoughts on parametric insurance a bit further. An AI moderator will ask you a couple of follow-up questions based on your earlier responses.
AI InterviewLength: 2Personality: [Object Object]Mode: Fast
Reference questions: 7
Q23
Dropdown
What is your age?
18–24
25–34
35–44
45–54
55–64
65+
Prefer not to say
Q24
Multiple Choice
What is your gender?
Woman
Man
Non-binary
Prefer to self-describe
Prefer not to say
Q25
Dropdown
In which region do you currently reside?
North America
Central America & Caribbean
South America
Western Europe
Eastern Europe
Middle East & North Africa
Sub-Saharan Africa
South Asia
East Asia
Southeast Asia
Oceania
Prefer not to say
Q26
Multiple Choice
What is the highest level of education you have completed?
Less than high school
High school or equivalent
Some college / associate degree
Bachelor's degree
Master's degree
Doctorate
Professional degree (e.g., JD, MD)
Prefer not to say
Q27
Multiple Choice
Which of the following best describes your current employment status?
Full-time employed
Part-time employed
Self-employed
Unemployed
Student
Retired
Homemaker
Prefer not to say
Q28
Multiple Choice
Do you currently work in the insurance or risk management industry?
Yes
No
Prefer not to say
Q29
Chat Message
Thank you for participating! Your responses have been recorded and will be used to improve parametric insurance products and communications. You may now close this window.
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