weather index insurance


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 →

Meteo Protect renews parametric weather cover for Spanish olive farmers

Parametric and weather index insurance specialist Meteo Protect has successfully renewed the arrangement that provides Spanish olive farmers and producers with parametric risk transfer to enhance their resilience to weather and climate-related risks.The arrangement began a year ago, as Meteo Protect’s weather insurance platform was adopted by the olive growers read the full article →

Meteo Protect launches parametric flood insurance for river dependent businesses

Meteo Protect, a parametric and weather index insurance specialist, has launched a new product offering parametric flood coverage for river cruise operators and riverside businesses.Meteo Protect underwrites a broad range of parametric insurance products linked to weather conditions, backed by reinsurance capital and also works as a Coverholder for the read the full article →

Speedwell’s weatherXchange platform gaining traction

A number of weather risk transfer transactions have been originated and executed thanks to Speedwell Weather's parametric weather risk transfer platform weatherXchange, while requests for pricing of contracts are rising, according to the company.Speedwell Weather, a provider of weather data, forecasting information, analytics, software and consultancy for the weather derivatives read the full article →

Parametric weather risk specialist Meteo Protect gains Lloyd’s access

Meteo Protect, the weather index insurance specialist, has received Coverholder status from the Lloyd’s of London insurance and reinsurance marketplace, enabling it to access, underwrite and issue policies for Lloyd’s syndicates.The Coverholder status provides Meteo Protect with access to the specialist Lloyd’s of London brand, security and ratings, as well read the full article →