index based

Ghana looks likely to be another country who will adopt the usage of index-based weather insurance as a way to help their farmers cope with the vagaries and extremes of weather faced by the west African nation. The country is seeking to boost its food security and with the help of the World Bank, who […]

Vortex Insurance Agency, LLC, a subsidiary of MSI GuaranteedWeather, have announced a new product to help any businesses that depend on green pasture to hedge the risk that drought poses to their bottom line. The new product is index-based and utilises a rainfall index. Here’s the full press release from Vortex.

Air India, the Indian national carrier airline, is trying to find an insurance company who will underwrite it’s losses caused by fog. Fog in India is a major issue for airlines during the winter causing many delays and cancellations to flights. They sought this kind of cover last year as well although I’m not sure […]

Willis, the global insurance broker, has closed what is being called a ground-breaking index-based hedge for U.S. electric generation and retail company NRG Energy Inc. The transaction offsets the potential financial impact to NRG if a hurricane were to affect its business in the Houston, Texas area. The risk management vehicle used is known as […]