weather index 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.

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.

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.

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.

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.

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.

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.

Swiss headquartered weather index insurance and parametric risk transfer specialist CelsiusPro AG and reinsurance broker Aon Benfield have renewed their existing partnership that sees the pair working together to deliver weather risk transfer solutions to Aon clients.

Speedwell Weather owned parametric weather risk transfer platform weatherXchange has launched instant indicative pricing for index-based weather insurance and derivative contracts sold on its technology platform, aiming to streamline pricing and quoting of weather hedging.

Swiss headquartered weather index insurance and parametric risk transfer specialist CelsiusPro AG has launched a new disaster insurance solution designed to rapidly pay out emergency cash when earthquakes or tropical cyclones strike.