Protect your business from the financial impact of extreme heat with a tailored, data-driven parametric coverage.
Do prolonged heat waves disrupt your operations, shrink footfall, or inflate costs?
When temperatures remain well above seasonal norms, your revenue and cash flow can suffer. Our parametric insurance solution reduces heat-related financial volatility and can bridge gaps that traditional policies often leave uncovered.
Conventional insurance requires lengthy loss adjustment to prove the weather was severe, that it caused a loss, and how much that loss was. With our parametric approach, the mechanism is simple: if a pre-agreed temperature trigger is met at the designated weather station, your policy pays out automatically. No complex claims file—just objective measurements defined in your contract.
Choose the structure that best fits your business: (1) cap the number of “hot days” you can tolerate during the policy period, or (2) set a maximum temperature threshold (°C) your operations can withstand. In both cases, deductible, excess, per-unit limit (per day or per °C above threshold), and the aggregate limit are calibrated to your risk appetite.
Objective data: Measurements from a pre-defined weather station underpin the trigger.
Fast process: When the trigger is met, payment follows—no lengthy loss adjustment.
Tailored design: Period, location, deductible and limits reflect your business model.
Whether your costs rise or demand falls during heat waves, we can structure coverage to offset the financial impact.
Pick one of two core models:
Day-Based Deductible: You define a number of “hot days” as deductible within the policy period. After that, each additional hot day pays according to the limit.
Temperature-Based Deductible (°C): Once the deductible temperature is exceeded and the excess level is crossed, each °C above the threshold pays according to the limit.
All parameters are written into the contract. If the trigger is met, the policy pays.
These building blocks define how your parametric heat cover behaves:
Parametric insurance is straightforward. Here are the most common questions we hear:
No. Parametric cover pays only when the agreed trigger is met; otherwise no payout is due.
We select and specify the most appropriate weather station(s) for your risk footprint.
After data confirmation and trigger verification, payouts are processed promptly as per the policy.
Absolutely. We’ll calibrate deductibles, triggers, limits, and caps to present side-by-side options.
