weather index insurance


Meteo Protect launches parametric weather risk transfer API

Meteo Protect, the specialist parametric and weather index insurance underwriting agency that is a Lloyd’s of London coverholder, has launched an innovative API (application program interface) to its parametric insurance products, allowing anyone to launch a parametric insurance program more simply. An API (application program interface) provides an interface, typically technology read the full article →

Orbital Micro Systems targets enhanced weather insights for re/insurance & ILS

More granular and higher resolution satellite data from earth observations are set to improve weather and catastrophe event insights for the insurance, reinsurance and insurance-linked securities (ILS) industry, according to the CEO of Orbital Micro Systems. Orbital Micro Systems is a specialist in technology and data for space applications, with expertise read the full article →

Blue Marble works with Nespresso on parametric weather insurance pilot

Blue Marble Microinsurance (Blue Marble) is working with coffee company Nespresso on a pilot program to deliver weather index insurance to smallholder coffee farmers in Colombia. The pair note that due to climate change producers of coffee are particularly exposed to weather variability and extremes, resulting in a need for risk read the full article →

Nephila signs up to offer pricing & capacity on weatherXchange

Nephila Climate, the weather and climate risk transfer focused unit of the largest asset manager in insurance and reinsurance linked investments, Nephila Capital, has signed up to provide indicative pricing through the Speedwell Weather run parametric weather risk transfer platform weatherXchange. In providing the indicative pricing for parametric and index-based weather read the full article →

Sompo offers parametric weather cover for real estate & hospitality sectors

New parametric and index-based weather risk transfer options tailored for the real estate and hospitality sectors have been launched by units of Sompo International Holdings Ltd., the Bermuda headquartered specialty insurance and reinsurance provider. The development sees the corporate Risk Solutions unit at Sompo International and the firms Global Weather risk read the full article →

MiCRO starts parametric business interruption insurance in El Salvador

The Microinsurance Catastrophe Risk Organisation (MiCRO), a reinsurance company established in Barbados and founded by Fonkoze and Mercy Corps with the support of Swiss Re, has launched a new parametric insurance product in El Salvador that is designed to provide business interruption coverage. The new product, named Produce Seguro in El read the full article →

Parametrics a work in progress, but can become mainstream: Airmic Chair

According to Paul Goulding, Chair of Airmic, parametric insurance and reinsurance solutions remain a work in progress but could become more mainstream in the future as more and more companies understand the coverage they can offer and the benefits of timely, hassle-free payment. In a new report from Airmic in collaboration read the full article →

Meteo Protect signs up more French wine makers to parametric insurance

Lloyd's of London coverholder and parametric and weather index insurance specialist Meteo Protect has signed up more French wine makers to its product this year, after farmers had been hit with freezing cold temperatures and frost during 2017’s critical spring growing period. The impact of 2017's cold weather has created more read the full article →

Speedwell’s weatherXchange adds support for pricing of zero premium swaps

Speedwell Weather, a leading service provider to the weather risk management market, has added support for zero premium swaps within its parametric and index-based weather risk transfer platform weatherXchange, with pricing now available for these instruments. Speedwell launched its online technology based weather trading platform weatherXchange just over a year ago, enabling read the full article →

Beazley speeds up & simplifies parametric weather insurance policies

London headquartered insurance and reinsurance firm Beazley has updated the technology systems and user experience of its parametric weather insurance products, in order to provide what it calls the first fully personalised insurance policy and to enable automatic payouts to claimants. One of the benefits of parametric triggers for weather insurance read the full article →