Against Extreme Wet Weather

Protect your business against the financial impact of prolonged and excessive rainfall with a tailored, data-driven parametric coverage.

Persistent rain and excessive precipitation can disrupt operations, reduce footfall, increase costs, and put pressure on cash flow. Our parametric rainfall cover helps smooth that volatility and can address losses that traditional policies may not pick up.

Instead of lengthy claims files, this cover relies on objective measurements from nearby weather stations or high-resolution satellite data. If the pre-agreed trigger is met—whether defined by a number of wet days or a rainfall amount—your policy pays automatically. You choose the tolerable level of wet weather and the payout needed to protect your P&L.

The framework is straightforward: you can buy cover for any number of days, including annual or multi-year periods; all valid claims are settled promptly after expiry; and satellite options allow very localised measurement where useful.

What Makes Our Wet-Weather Cover Different

Evidence-based triggers, clear settlement

Objective data sources: Named weather station(s) or satellite grid cells underpin the trigger.
Faster path to payout: When the agreed threshold is met, the policy pays—no complex loss adjustment.
Built around your business: Tune the period, geography, deductible/excess and limits to your risk appetite.

Transfer bad-weather risk to the insurer and plan with confidence; the volatility-reducing benefits can be communicated to stakeholders.

How It Works

Rain-Day Model: Set an excess in days plus a per-day precipitation excess (e.g., ≥5 mm). Once a deductible number of qualifying wet days occurs within the period, each additional qualifying day pays a fixed amount up to the maximum limit.
Accumulated Rainfall Model: Define a deductible for total precipitation over the period (e.g., 50 mm in a month). The policy pays an agreed amount per mm above that level, optionally with a day-based excess, capped by a maximum limit.

Operational notes: Measurements come from the closest station(s) or specified satellite grid; the contract lists them explicitly. Policies can be structured for portfolios using panels of stations or grids.

Key Policy Parameters

These building blocks define how your parametric wet cover behaves:

Period: Inclusive dates from inception to expiry.
Location: Latitude/longitude of the risk or territorial limits for a portfolio.
Excess – Day: Predetermined number of wet days before the policy activates.
Excess – Precipitation: Predetermined mm of rain per day that qualifies as “wet.”
Deductible: The total number of qualifying days or cumulative mm at which payouts start.
Limit: Amount paid for each qualifying day or per mm above the deductible, after excess.
Maximum Limit: The most the policy will pay during the period.
Meteorological Station / Satellite: Named station(s) or satellite grid cells used for measurements (satellite can measure to fine resolution and improve localisation).

Standard annual terms and multi-year structures are available; portfolio risks can list a panel of stations or grids.

Frequently Asked Questions

Parametric rain cover is designed to be simple and transparent. Here are common questions we hear:

Questions

If it doesn’t rain enough to meet the trigger, is my premium refunded?

No. This is an insurance policy and only pays if the insured peril occurs.

Rain can be very localised—what if it rains at my site but not at the station?

We select the most suitable station(s) and can use a panel to improve proximity. In many areas, satellite rainfall data provides even finer localisation and can be used alongside station data.

How quickly do you settle valid claims?

Claims are settled after the policy expires per the contract; timing and mechanics are set out in your terms.

What information do you need to quote?

Typically: 1) location of risk, 2) at least 5 years’ loss history related to rainfall, 3) desired limits, 4) deductible levels, 5) policy period.